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World Acceptance Corp's credit losses provision for the three months ended in Jun. 2015 was $26.2 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Jun. 2015 was $114.2 Mil.
World Acceptance Corp's quarterly credit losses provision declined from Dec. 2014 ($38.3 Mil) to Mar. 2015 ($13.5 Mil) but then increased from Mar. 2015 ($13.5 Mil) to Jun. 2015 ($26.2 Mil).
World Acceptance Corp's annual credit losses provision increased from Mar. 2013 ($114.3 Mil) to Mar. 2014 ($126.6 Mil) but then declined from Mar. 2014 ($126.6 Mil) to Mar. 2015 ($118.8 Mil).
For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.
World Acceptance Corp Credit Losses Provision for the trailing twelve months (TTM) ended in Jun. 2015 was 36.161 (Sep. 2014 ) + 38.293 (Dec. 2014 ) + 13.483 (Mar. 2015 ) + 26.228 (Jun. 2015 ) = $114.2 Mil.
World Acceptance Corp Annual Data
World Acceptance Corp Quarterly Data