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Implied royalty to turnover ratio 2021, FY2021

0.083 ratio FY2021

EstimateOur model or estimate. Treat it as an order of magnitude.

Where it comes from

Our calculation from other figures in the trainer’s notes.

Show the working
  1. Royalties payable of £ 3,398,481 (20 20 - £ 2,929,757)