Oh dear lord. Have you considered that is because APT customers...

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Christos12

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14/03/18

20:24

Post #: 31758079
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Originally posted by nogur1223 ↑

Made up financials ? If you read the thread you would see the angle in which i am coming at. The angle that by calculating bad debts against underlying merchant sales (which APT does) or against revenue, is misleading and somewhat useless. These companies are in the industry of collecting money (receivables) over a period of time and thus the bad debts % should be calculated against its gross receivables as it shows that out of the money which is owed to the business, how much of it has not been paid back after the set time period (reflects the companies lending criteria, customer base etc). As I said before, APT bad debts when calculated against the same method Z1P uses (against the receivables), is a whopping 8.15% vs just 2.28% for Z1p. This is not sustainable.

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Oh dear lord. Have you considered that is because APT customers actually pay back the "loan", reducing the book, whereas Z1P customers don't? Z1P is much worse than APT in every possible comparison. Comparing apples with palm trees doesn't change that. Just look at the gross profitability.

Z1P Price at posting: 93.5¢ Sentiment: Sell Disclosure: Not Held
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Oh dear lord. Have you considered that is because APT customers...

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