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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Is 13.24% too high to handle?Whilst the update on 22 July showed...
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Open | High | Low | Value | Volume |
$1.81 | $1.81 | $1.74 | $30.57M | 17.25M |
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No. | Vol. | Price($) |
---|---|---|
5 | 110725 | $1.77 |
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Price($) | Vol. | No. |
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2 | 2704 | 1.760 |
3 | 21267 | 1.755 |
9 | 27704 | 1.750 |
6 | 56258 | 1.745 |
Price($) | Vol. | No. |
---|---|---|
1.775 | 20000 | 1 |
1.780 | 5000 | 1 |
1.785 | 2000 | 1 |
1.790 | 96000 | 2 |
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