ZIP 1.08% $1.83 zip co limited..

Is 13.24% too high to handle?Whilst the update on 22 July showed...

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    Is 13.24% too high to handle?

    Whilst the update on 22 July showed bad debts for
    Zip ANZ sitting at 1.82% they avoided showing
    Zip GLOBAL bad debts which were at 3.53%
    (as per report dated 25 August)

    Personally I find highlighting only the lower ANZ % sets up a false sense of where the business is as a whole.

    But what is a real shock is when you remove the ANZ receivables and bad debts from the Group totals the bad debt % for Zip (excluding ANZ) becomes 13.24%

    Just wondering how others feel about those figures?



    Global Figures
    Receivables 2,111.6 M
    Bad Debts 74.5 M
    Bad Debt Percentage 3.53%

    ANZ
    Receivables 1,795.8 M
    Bad Debt ~ 32,683 M
    Bad Debt Perchentage 1.82%

    Rest of the World (Global excluding ANZ)
    Receivables 315.8 M
    Bad Debt ~ 41.816 M
    Bad Debt Percentage 13.24%


    If I have made an error in these calculations please let me know so I can correct.
 
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