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World Acceptance Corp's credit losses provision for the three months ended in Jun. 2014 was $30.9 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Jun. 2014 was $128.8 Mil.
World Acceptance Corp's quarterly credit losses provision declined from Dec. 2013 ($41.1 Mil) to Mar. 2014 ($18.6 Mil) but then increased from Mar. 2014 ($18.6 Mil) to Jun. 2014 ($30.9 Mil).
World Acceptance Corp's annual credit losses provision increased from Mar. 2012 ($105.7 Mil) to Mar. 2013 ($114.3 Mil) and increased from Mar. 2013 ($114.3 Mil) to Mar. 2014 ($126.6 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. 2014 was 38.188 (Sep. 2013 ) + 41.116 (Dec. 2013 ) + 18.569 (Mar. 2014 ) + 30.893 (Jun. 2014 ) = $128.8 Mil.
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
World Acceptance Corp Annual Data
World Acceptance Corp Quarterly Data