$Conn's (CONN.US)$Revenue declined amid fluctuations over th...
$Conn's(CONN.US$Revenue declined amid fluctuations over the past 5 years, while operating profit fluctuated sharply. The reason for the sharp fluctuation in operating profit was that the amount of reserves for questionable accounts was huge, and accounts receivable on the balance sheet declined year by year. Currently, there is still 520 million. The ratio is normal. The doubtful account reserve problem is likely to be mitigated in the future.
2024Q1 revenue fell 16.3%, and operating profit was still losing money even without considering questionable account reserves. Currently, there is no investment value.
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