PXA 0.51% $13.74 pexa group limited

cost has to be proportional to revenue doesn't matter how you...

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    cost has to be proportional to revenue doesn't matter how you slice and dices it
    PEXA operating expense ratio is over 50% of revenue and that not accounting for D&A and development cost
    when you add it all up they barely got anything left close to 100% of their revenue gone just like that.

    simple logics dictates when you spent everything you earned you will go poorer each year and can't deal with crisis

    it unsustainable, they need to reign in cost fast, another year of this their cash pile will run dry and they start to racking up even more debt
    and the sorry tails will follow.


 
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