GROUP - EBIT PERFORMANCE - PRE COVID TO NOW
Domino's
APPENDIX 8 - GROUP FINANCIAL RATIOS CONTINUED
H122
FY22
H123
H122
FY22
H123
Cash Conversion
Movement in Working Capital
Underlying Underlying Underlying
$ mil
$ mil
$ mil
$ mil
$ mil
$ mil
Operating cash flow before interest & tax
140.0
283.7
157.9
Trade and other receivables
(5.9)
(16.0)
(11.5)
Trade and other payables
(29.2)
(44.0)
24.0
EBITDA
212.8
396.5
182.3
Inventories
(15.4)
(3.7)
(16.7)
Other current assets
(6.6)
(13.8)
(7.4)
Cash conversion
65.8%
71.6%
86.6%
Total Change in Working Capital
(57.2)
(77.5)
(11.6)
Summary
Summary
Cash Conversion higher, primarily due to stronger operating cash flows
Working Capital is $11.6m higher than FY22. Primarily as a result of
additional build-up of equipment and food inventories due to lower than
planned sales and store openings in Europe & Japan. Expect this will
unwind in coming 6 months
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