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...
Ann: Q3 FY22 Results - Zip Accelerates Path to Profitability, page-106
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Last
$1.85 |
Change
0.070(3.94%) |
Mkt cap ! $2.335B | |||
| Open | High | Low | Value | Volume |
| $1.81 | $1.91 | $1.80 | $45.22M | 24.24M |
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| No. | Vol. | Price($) |
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| 1 | 7500 | $1.84 |
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| Price($) | Vol. | No. |
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| $1.85 | 211147 | 7 |
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