Australia's largest stock trading and investment forum Australia's #1 stock forum

CLH

Click for more information

0.00%

6.8¢ collection house limited

"We are from the Government and we are here to help" CLH half...

First 87 Last

Share
Profile

Follow
colablackandwhite

47 Posts.

23/02/16

20:59

Post #: 17097441
Share

Originally posted by longt0912 ↑

According to below ATO report:

http://igt.gov.au/files/2015/07/Review-2015-IGT-Debt-Collection.pdf

"Between 31 December 2011, the ATO had referred approximately 1.8 million debt cases to EDCAs valued at approximately $7 billion. The EDCAs had prompted the payment of approximately $2 billion (29.1 per cent) at a cost of $54 million to the ATO." p.138

Around 250m worth of debt was referred to four collection agencies in 2014/2015 compared to 514m in 13/14 and 538m in 12/13 (p.164).

According to a study by ATO, the cost for Collection agencies to collect $1,000 is $7.64 in 2013–14. (p.159)

Rough estimate based on above data: Collection agencies charged ATO around $27 for every $1000 collected. It costs them around $7.64 to do so. Fairly good margin imo.

Expand

"We are from the Government and we are here to help"

CLH half yearly demonstrates that it costs way more that $7.64 / $1000 collected if you look at direct collection costs, OC and wages.

I would not read too much into page 159.

Last edited by colablackandwhite: 23/02/16

CLH Price at posting: $1.02 Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

TIG

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

A3D

Defence MOU for propulsion systems pushes Aurora Lab shares higher

CXU

Cauldron Energy reports "excellent" uranium assays in latest drill run

SHN

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

RAG

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

IMA

Issues emerging as Australian companies tackle critical minerals challenge

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

NWH

NRW Holdings inks $109M deal with BHP for works at Jimblebar

There are more pages in this discussion • 18 more messages in this thread...

First 87 Last

Add CLH (ASX) to my watchlist