2.24% Bad Debt. How do you calculate?

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    In 4th quarter ZIP has reported 2.24% Bad Debt. Can someone pls advise how they calculate it? Is it percentage of total sale at POS? I guess these BPNL companies work on 3-4% commission on sale revenue.
 
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Last
$3.28
Change
-0.090(2.67%)
Mkt cap ! $4.227B
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$3.28 $3.37 $3.22 $53.54M 16.30M

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No. Vol. Price($)
4 118273 $3.27
 

Sellers (Offers)

Price($) Vol. No.
$3.28 39032 4
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Last trade - 16.15pm 11/08/2025 (20 minute delay) ?
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