Not answering your question but comparing here
If I'm reading the report correctly
for FYQ4 Z1P has a revenue of 44.2M, of that was 2.24% net bad debts = $990k
Let's say worst case per year, Z1P was running bad debt at $4M
It's honestly not a big deal when compared to supposedly APT - In 2017 they were writing off the same amount as Z1P and now apparently have bad debts of $59M (For some reason APT bases that of Transaction volume which is 5.25Bil = 1.1% of )
APT Income - $226M
Z1P Income - $160M
ZIP is a fantastic company with huge potential. While anyone can admit, It won't be the #1 leader, but it sure as heck will be the best in 2nd place.
2.24% Bad Debt. How do you calculate?, page-12
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Last
$2.23 |
Change
0.070(3.24%) |
Mkt cap ! $2.894B | |||
| Open | High | Low | Value | Volume |
| $2.14 | $2.26 | $2.12 | $39.40M | 17.83M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 55449 | $2.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.24 | 136951 | 4 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |