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Sheng Win's avatar

Thanks for sharing, very detailed information.

Have a question on the below part on write-offs. Are these write-offs old phones that no longer have re-sale value? How does a company mitigate the risk of write-offs? Is it an issue that they are unable to offload old stock in their inventory or they purhcased a bulk of phones that came with a mix of profitable and unprofitable “write-off” models?

“Write-offs rose from $6.6m in 2023 to $11.6m in 2024. To put that into perspective, that’s a little over MTR Group’s total 2024 inventory. In absolute terms though, the 2024 write-off, at 9.2% of total stock is lower than in 2023 at 13.9%.”

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