zip has a net bad debt absorbing capacity of upto 3 percent on receivables, as quoted in some of the report few months back. The existing level is well within the business model so no need to worry, further 60+ days arrears has gone down from 1.80 ish to 1.33 percent March quarter is pretty impressive.
Larry had also mentioned that they had played with the risk score in the dec quarter with an intention to maximise Z but it seems it didn’t work and they have gone back to the previous levels post COVID and this is the reason that the management is so confidently reporting that zip is doing better than peers and the investment in the credit approval system has started paying out now.
From all the statements and facts I believe that the next quarter bad debt will take a deep dive and give traction to the market....in the mean time I am accumulating on every dips....DYOR
$8 Party, page-49
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$1.70 |
Change
-0.025(1.45%) |
Mkt cap ! $1.909B | |||
| Open | High | Low | Value | Volume |
| $1.75 | $1.77 | $1.68 | $16.19M | 9.417M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5300 | $1.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 86880 | 4 |
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| ZIP (ASX) Chart |