The Transit Time on Colonial Pipeline, if you go from one end to the other (Houston to New York) is about 16 days.
Most of ship voyages in Asia are less than 10 days but apparently this is too much for Noble Group.
Are Conventional Ships now too slow for Noble Group Ltd ?
At an average of 10 days shipment and at with a cost of the goods sold(COGS) of $48.58B FY16, the average inventory in transit recorded by Noble would have to be at least $1.256B , problem is that the audited number is only $2.6M FY16.
FY2015 the average transit time of Noble was 3.5 DAYS.
FY2016 The average transit time of Noble, is now 0,019 DAYS.
It either implies that Noble has used hyper sonic missiles or that the corporation has a COGS inflated by 10 to 15 times in 2016.
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anon323 Mar 2017 "30 year coal deal MTM whaaaat"
smart money the Paolo B, Doug M, Ted, Fabrizio Steve Bader left at the right time
so... accounting fraud ... ? Won't be the first time, yeah ?
Lol @ Noble.
Where did you pull the 2.6M figure from?
Hahahaha it must be the alien technology NASA uses
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