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Quipt Home Medical Corp T.QIPT

Alternate Symbol(s):  QIPT

Quipt Home Medical Corp. is a home medical equipment provider. The Company specializes in improving the home management of chronic illness through the application of telehealth systems and automated distribution. It provides in-home monitoring and disease management services, including end-to-end respiratory solutions for patients in the United States. It offers nebulizers, oxygen concentrators, continuous positive airway pressure (CPAP) and Bilevel Positive Airway Pressure (BiPAP) units; traditional and non-traditional medical respiratory equipment and services, and non-invasive ventilation equipment, supplies, and services. The Company's product offerings include the management of several chronic disease states focusing on patients with heart or pulmonary disease, sleep disorders, reduced mobility, and other chronic health conditions. Its products and services consist of sleep apnea and pap treatment, home ventilation, daily and ambulatory aides, and respiratory equipment rental.


TSX:QIPT - Post by User

Bullboard Posts
Post by boboboton Aug 25, 2017 11:26am
239 Views
Post# 26621549

Bad debts expense

Bad debts expenseCan someone help me here. YTD we have 10M in bad debt expense (3M in Q3), on 96M in sales and approx. 20M in account receivable. At over 10 percent that seems to me to be a really high percentage of sales that become uncollectible. Does anyone know if this is just a function of the business they are in or if we should expect to see this come down? (It is down from last year which was over 13M through 9 months) Please provide some context to your answer. Just asking as this has a fairly significant impact on earning and wondering if we can expect future savings here. Thanks for the help. Bot.
Bullboard Posts