ZIP are saying that debts are below industry standard. Maybe they are; based on receivables. But take a look at doubtful debts (DD) to portfolio revenue.
DD at $6.18 M for half year 2017 is almost 40% of portfolio revenue. Looks high to me. By comparison, that percentage is about the same as for interest expense at $6.55 M, which is 41% of portfolio revenue. So DD is contributing around the same cost as interest expense.
For the same period HY 2016, DD ($1.9 M) was 30% of portfolio revenue. When compared to DD for 2017, that's big difference in percentage and absolute terms.
ZIP are saying that debts are below industry standard. Maybe...
-
- There are more pages in this discussion • 48 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ZIP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.83 |
Change
0.005(0.27%) |
Mkt cap ! $2.253B | |||
| Open | High | Low | Value | Volume |
| $1.85 | $1.88 | $1.78 | $15.81M | 8.724M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 105644 | $1.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.84 | 79654 | 21 |
View Market Depth
| Last trade - 12.53pm 31/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |