Quote Originally Posted by winner69 View Post
The 2.9% figure seens very (very) high even though they tout improved credit management. Doesn't seeing 3% of your receivables being written off raise some concerns?

Impairment expense was $63m - fair chunck of their net revenue eh.

TNR same calc is 1.0% (ANR is Average Net Receivables)

That other finance company Heartland runs at 0.4%
Given they are in the credit card market (mostly these days), I'm not sure its that easy to compare to Turners and Heartland... what other company would be a better comparable? Something very much in the consumer credit space, lending on smaller ticket items (generally)