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  1. 5,524 Posts.
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    You saying that Z1P has lower bad debt charge is as relevant as me saying Afterpay makes more money. Both are obvious. The same way that Bendigo Bank has lower bad debt than CBA (for obvious reasons).

    The metric of bad debt/TTV cuts through the BS and allows side by side comparison on bad debt in relation to revenue generated...

    If you want to skew the numbers to suit the agenda of Z1P having better bad debt management than Afterpay so be it but I sure hope you don't buy Bendigo Bank on the notion that they have lower bad debt than CBA. Even banks report bad debt as a % of their portfolio because it's the only way they can be effectively compared. You need to take into consideration both sides of bad debt and revenue generated.
 
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