Ann: IOU Provides Mid December Quarter Update on BNPL Business, page-9

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01/12/22

11:29

Post #: 65094679
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Originally posted by mondyinvest: ↑

I agree but then NPL ratio being reported (0.78%) is a red herring because they’re calculating it as a percentage of TTV. What actually matters is NPL divided by the actual income they are making, as it’s their income that is going to be eroded.

So: over the past 12 months they have incurred $249,430 of bad debt, and earned $1,985,770 of revenue. So their current bad debt ratio is 12.56% which is reasonably high.

I think at Sezzle’s worst they were over 50%, but the difference is that they were growing aggressively, IOU are treading water at best.

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was just looking at that aswell, hoping our shariah side will provide better ratios in the future. This update hasn't blown my socks off by no means but good to see progress being made. slowly I might add

IOU Price at posting: 4.9¢ Sentiment: Buy Disclosure: Held
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Ann: IOU Provides Mid December Quarter Update on BNPL Business, page-9

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Ann: IOU Provides Mid December Quarter Update on BNPL Business, page-9

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