OMG
anyone notice that bad debt was stated as a % of TTV and not receivables.
2.6% what a massive increase on the full year report in August when it was only 1.28% of TTV
anyone remember gops spouting off that BD as a % of TTV will be less than 1%..... what a joke!
TTV is 4.5B meaning Bad debts are already at $117M
that for only 6 months!!!!!
last year for the full 12 months it was only $74.5M
Ann: HY22 Results Update, page-59
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