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goeasy (goeasy) Net Income : $184.0 Mil (TTM As of Dec. 2023)


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What is goeasy 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. goeasy's Net Income for the three months ended in Dec. 2023 was $55.6 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was $184.0 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. goeasy's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $3.23.


goeasy Net Income Historical Data

The historical data trend for goeasy'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.

goeasy Net Income Chart

goeasy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 48.86 106.57 191.36 103.17 184.78

goeasy Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.04 37.59 41.81 49.01 55.61

goeasy 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

goeasy'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
=251.159+-66.381+0+0
=184.8

goeasy'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
=76.004+-20.397+0+-7.105427357601E-15
=55.6

Net Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $184.0 Mil.

* 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.


goeasy  (OTCPK:EHMEF) 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:

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

* 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.

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.


goeasy Net Income Related Terms

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goeasy (goeasy) Business Description

Traded in Other Exchanges
Address
33 City Centre Drive, Suite 510, Mississauga, ON, CAN, L5B 2N5
goeasy Ltd provides financial services company. The principal operating activities of the Company include: providing loans and other financial services to consumers and leasing household products to consumers. Customers can transact seamlessly through an omnichannel model that includes online and mobile platforms. The Company operates in two reportable segments: easyfinancial and easyhome. The easyfinancial reportable segment lends out capital in the form of unsecured and secured consumer loans to nonprime borrowers. easyfinancial's product offering consists of unsecured and real estate-secured installment loans. The key revenue of the company is generated from easyfinancial.

goeasy (goeasy) Headlines

From GuruFocus

goeasy Ltd. Announces Renewal of Normal Course Issuer Bid

By GlobeNewswire GlobeNewswire 12-16-2020

goeasy Ltd. Announces Closing of C$46 Million Common Share Offering

By GlobeNewswire GlobeNewswire 10-10-2018

goeasy Ltd. Completes Acquisition of LendCare

By GlobeNewswire GlobeNewswire 04-30-2021

goeasy Ltd. Announces Election of Directors

By GlobeNewswire GlobeNewswire 05-13-2021

goeasy Ltd. Provides Shareholder Update

By GlobeNewswire GlobeNewswire 12-11-2018

goeasy Ltd. Announces New $200 Million Securitization Facility

By GlobeNewswire GlobeNewswire 12-10-2020

goeasy Ltd. Closes US$550 Million Offering of Senior Unsecured Notes

By GlobeNewswire GlobeNewswire 11-27-2019