APT 0.00% $66.47 afterpay limited

APT - can the run last? young kids love it, page-5

  1. 83 Posts.
    lightbulb Created with Sketch. 19
    AFTERPAY MERCHANT REVENUE = 37.1M
    NET TRANSACTION LOSS (Bad debt) = 6.6M
    OTHER VARIABLE TRANSACTION COSTS = 9.2M
    OTHER INCOME (Late fee) = 10.8M

    Bad debt % = 6.6/37.1 = 17.79%

    May I ask how do you get the 40% bad debt number?
    Are you counting other variable transaction costs as bad debt as well?

    I don't see bad debt as a problem for now as it is fully covered by late fee.
 
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