ZIP 1.45% $1.70 zip co limited..

No worries. I don't agree with your analysis at all. I think if...

  1. 19 Posts.
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    No worries. I don't agree with your analysis at all. I think if there is one number to be obsessed about in a business like ZIP, it's bad debts. Especially when it is getting to these levels.

    To look at it your way, if bad debts had remained at the same levels as FY21 (as % of revenue) you would have a gross profit of circa $113m for the half, or basically double what it was.
 
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