What this is
GM_ex = (GP − R)/(Rev − R) at year to February 2024 (152,203; 297,508); slope 10×(1−0.5116)/297.5; drift 1.42–1.73pp ÷ 0.164pp per bn.
The values
- GM pp per 10bn zero cost receipt at year to February 2024 scale: 1.64
- Pre pocket GM drift equivalent receipt rise ¥ billion per yr: 8.7 to 10.5
- Purchase flow year to March 2026 scenario: ¥1.3–13.9bn
Some detail is too fine to show here; it is kept in the trainer’s notes.
Where it comes from
Our calculation from other figures in the trainer’s notes.
Show the working
- (152.2−16.3)/(297.5−16.3)=48.3%
- (152.2−51.1)/(297.5−51.1)=41.0%
- 10×0.4884/297.5=1.64pp