I'm not catastrophist, and frankly starting to get bored of some of the outlandish claims that are being made - especially when they are substantiated by nothing but opinion, but, there is an interesting storey in The Australian today about BNPL and the risk of bad debt. I alluded to this in an earlier post on this thread. Whilst the headline figure of bad debt looks small, if that figure is a factor of transaction volume then there is potential for big strife.
Extrapolating the data from The Australian article, bad debt increased in the early 90's recession by 2.53. 2.53 x 1.79% = 4.53%, this would equate to $18,255,900.00 in bad debt against $403m of transaction volume which generated a revenue of $30m. So it doesn't wipe out the revenue, but it's putting a major dent in it.
Admittedly, I'm not looking at the full year revenue, just at the last two months that were reported, but it is worth keeping a very close eye on that figure.
- Forums
- ASX - By Stock
- ZIP
- potential increase in bad dept?
potential increase in bad dept?, page-38
Featured News
Add ZIP (ASX) to my watchlist
(20min delay)
|
|||||
Last
$2.31 |
Change
0.050(2.21%) |
Mkt cap ! $3.015B |
Open | High | Low | Value | Volume |
$2.33 | $2.41 | $2.30 | $28.87M | 12.29M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 223142 | $2.31 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.32 | 101520 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 90792 | 2.310 |
14 | 75543 | 2.300 |
5 | 14100 | 2.290 |
5 | 72000 | 2.280 |
3 | 19508 | 2.270 |
Price($) | Vol. | No. |
---|---|---|
2.330 | 750 | 1 |
2.340 | 65649 | 3 |
2.350 | 25596 | 4 |
2.360 | 28231 | 4 |
2.370 | 123185 | 4 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
Featured News
ZIP (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online