Cornerstone Strategic Value Fund (Cornerstone Strategic Value Fund) Net Income : $393.2 Mil (TTM As of Dec. 2023)

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What is Cornerstone Strategic Value Fund Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Cornerstone Strategic Value Fund's Net Income for the six months ended in Dec. 2023 was $105.8 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was $393.2 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Cornerstone Strategic Value Fund's Earnings per Share (Diluted) for the six months ended in Dec. 2023 was $0.45.

Cornerstone Strategic Value Fund Net Income Historical Data

The historical data trend for Cornerstone Strategic Value Fund's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cornerstone Strategic Value Fund Net Income Chart

Cornerstone Strategic Value Fund Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Income

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203.14

103.34

203.17

-250.57

393.25

Cornerstone Strategic Value Fund Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Net Income	Get a 7-Day Free Trial															98.14	-241.85	-8.73	287.48	105.77

Cornerstone Strategic Value Fund Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Cornerstone Strategic Value Fund's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

	Net Income		(A: Dec. 2023 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	393.247	+	0	+	0	+	0
=	393.2

Cornerstone Strategic Value Fund's Net Income for the quarter that ended in Dec. 2023 is calculated as

	Net Income		(Q: Dec. 2023 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	105.769	+	0	+	0	+	0
=	105.8

Net Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $393.2 Mil.

Cornerstone Strategic Value Fund (AMEX:CLM) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Cornerstone Strategic Value Fund's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2023 is calculated as

Earnings per Share (Diluted) (Q: Dec. 2023 )	=	(Net Income	-	Preferred Dividends)	/	Shares Outstanding (Diluted Average)
	=	(105.769	-	0)	/	233.479
	=	0.45

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.

Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.

Cornerstone Strategic Value Fund Net Income Related Terms

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Cornerstone Strategic Value Fund (Cornerstone Strategic Value Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Cornerstone Strategic Value Fund Inc (AMEX:CLM) » Definitions » Net Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

225 Pictoria Drive, Suite 450, Cincinnati, OH, USA, 45246

Website

http://www.cornerstonestrategicvaluefund.com

Cornerstone Strategic Value Fund Inc is a closed-end management investment company. The fund's objective is to seek long-term capital appreciation through investments in equity securities of U.S. and non-U.S. companies. It invests in various sectors, which include financials, information technology, healthcare, consumer discretionary, industrials, consumer staples, energy, telecommunication services, materials, and other sectors.

Executives

Matthew Morris	director	1905 SHARP PL, HOUSTON TX 77019
Daniel Bradshaw	director	1075 HENDERSONVILLE ROAD, SUITE 250, ASHEVILLE NC 28803
Brian James Lutes	officer: Treasurer	C/O ULTIMUS FUND SOLUTIONS, LLC, 225 PICTORIA DRIVE, SUITE 450, CINCINNATI OH 45246
Joshua Bradshaw	director	1075 HENDERSONVILLE ROAD, SUITE 250, ASHEVILLE NC 28803
Ralph W Bradshaw	director, officer: President	1075 HENDERSONVILLE ROAD, SUITE 250, ASHEVILLE NC 28803
Marcia Emilia Malzahn	director	16494 73RD AVENUE N, MAPLE GROVE MN 55311
Scott B Rogers	director	6 BEAVERDAM CT., ASHEVILLE NC 28804
Hoyt M. Peters	officer: Secretary	1075 HENDERSONVILLE ROAD, ASHEVILLE NC 28803
Alan M. Mandel	officer: Treasurer	C/O SCHRODERS, 875 THIRD AVENUE, 22ND FLOOR, NEW YORK NY 10022
Wilcox Glenn W Sr	director	ONE WEST PACK SQUARE SUITE 1700, ASHEVILLE NC 28801
Robert E Dean	director	5570 DTC PARKWAY, GREENWOOD VILLAGE CO 80111
Frank J. Maresca	officer: Treasurer	5 GREENVIEW CIR., HUNTINGTON NY 11743-5152
Theresa Minogue Bridge	officer: Treasurer	C/O ULTIMUS FUND SOLUTIONS, LLC, 225 PICTORIA DRIVE, SUITE 450, CINCINNATI OH 45246
Andrew A Strauss	director	77 CENTRAL AVE SUITE F, ASHEVILLE NC 28801
Thomas H Lenagh	director	DEUTSCHE ASSET MANAGEMENT, 1 SOUTH STREET, BALTIMORE MD 21201