ZIP 2.37% $1.65 zip co limited..

Ann: Q3 FY22 Results - Zip Accelerates Path to Profitability, page-106

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    Yes. I used the AUS net bad debts 3.4% on global revenue.
    I expect the ACTUAL figure is higher.
    Hopefully not a lot higher but ZIP is clearly hiding it.
    I just reread the Annual Report FY2021 and no disclosure there (splitting up the regions).

    They quoted net bad debts FY20 at 2.24%, FY21 at 1.82%....and right now for Q3FY22 at 3.4%.

    Their Annual Report quoted management's expectations of 2.5% (pg48).

    So since FY22 has started, net bad debts has exploded 87% higher AND 36% higher than management's expectations...so what the hell happened???

    We are reaping the benefits of all their chickens coming home to roost...

 
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