Lee Metals has announced FY results last night In the broader area of EPS of Q4 and dividend, Lee metals did not spring any nasty surprise. Q4 EPS is almost 1 cents, and Q4 dividend is 2 cents. FY dividend of 3 cents translate to a yield of 9%, but such yield will not be repeated for next year. Lets look at the nitty gritty: The important margin to look out for include margins, and ROIC, ROE, COIC, ROA etc. I am not number crazy, as long as there is no sudden spike or crash to warrant attention to more qualitative analysis, I left it as it is, I think the broader operating metric is still rather decent consider the challenging metal environment However, Cash Conversion Cycle is at the longest in more than a decade. Receivables is growing faster than the revenue growth of manufacturing and fabrication arm of ......