Ionix Technology (Ionix Technology) Net Income : $-0.48 Mil (TTM As of Mar. 2022)

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What is Ionix Technology 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. Ionix Technology's Net Income for the three months ended in Mar. 2022 was $-0.44 Mil. Its Net Income for the trailing twelve months (TTM) ended in Mar. 2022 was $-0.48 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Ionix Technology's Earnings per Share (Diluted) for the three months ended in Mar. 2022 was $-0.00.

Ionix Technology Net Income Historical Data

The historical data trend for Ionix Technology'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.

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Ionix Technology Net Income Chart

Ionix Technology Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Net Income

Get a 7-Day Free Trial

0.05

0.33

0.40

-0.28

-0.41

Ionix Technology Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Net Income	Get a 7-Day Free Trial															-0.12	0.60	-0.54	-0.10	-0.44

Ionix Technology 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

Ionix Technology's Net Income for the fiscal year that ended in Jun. 2021 is calculated as

	Net Income		(A: Jun. 2021 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	-0.424	+	0.017	+	0	+	0
=	-0.41

Ionix Technology's Net Income for the quarter that ended in Mar. 2022 is calculated as

	Net Income		(Q: Mar. 2022 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	-0.438	+	0	+	0	+	0
=	-0.44

Net Income for the trailing twelve months (TTM) ended in Mar. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.48 Mil.

Ionix Technology (OTCPK:IINX) 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:

Ionix Technology's Earnings per Share (Diluted) (EPS) for the quarter that ended in Mar. 2022 is calculated as

Earnings per Share (Diluted) (Q: Mar. 2022 )	=	(Net Income	-	Preferred Dividends)	/	Shares Outstanding (Diluted Average)
	=	(-0.438	-	0)	/	139.845
	=	-0.00

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.

Ionix Technology Net Income Related Terms

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Ionix Technology (Ionix Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ionix Technology Inc (OTCPK:IINX) » Definitions » Net Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 50 People Road, Room 608. Block B, Times Square, Zhongshan District, Liaoning Province, Dalian, CHN, 116001

Website

http://www.iinx-tech.com

Ionix Technology Inc in association with its subsidiaries, designs, develops and sells lithium batteries. These batteries are used in consumer electronic devices such as computers and mobile devices, electric vehicles, and storage applications. Its segments include SmartEnergy, Photoelectric Display, Smart energy and Service Contracts, of which the majority of the revenue comes from the Photoelectric Display segment which derives its revenue from the sales of LCM(Liquid Crystal Module) and LCD(Liquid Crystal Display) screens manufactured for small devices such as video capable baby monitors, and electronic devices. All of its revenues come from China.

Executives

Yanli Wang	director	NO. 50 PEOPLE ROAD, RM 608, BLOCK B, TIMES SQUARE, DALIAN CITY F4 116001
Xiaolin Wei	director	NO. 50 PEOPLE ROAD, RM 608, BLOCK B, TIMES SQUARE, DALIAN CITY F4 116001
Yongping Wang	director	NO. 50 PEOPLE ROAD, RM 608, BLOCK B, TIMES SQUARE, DALIAN CITY F4 116001
Yang Yan	officer: President and Treasurer	NO. 50 PEOPLE ROAD, RM 608, BLOCK B, TIMES SQUARE, DALIAN CITY F4 116001
Yubao Liu	director, 10 percent owner	NO.122, ZU 9, HONGGUANG COMMUNITY, XIANGYANG DISTRICT, JIAMUSI, HEILONGJIANG F4 154000
Shuyu Li	officer: President, Treasurer	ROOM 608, BLOCK B,NO.50 RENMIN ROAD,, ZHONGSHAN DISTRICT, DALIAN F4 116001
Long Xie	officer: Secretary of the Company	NO.33,1-502 ROOM,HAIWAN STREET,, SHAHEKOU DISTRICT, DALIAN F4 116023
Zhenyu Wang	director	NO.9#22 GONGJIAN COMMUNITY,, QIANJIN DISTRICT,, JIAMUSI CITY,HEILONGJIANG PROV F4 154000
Cheng Li	director	NO.49, GROUP 3, YUCAI COMMUNITY, XIANGYANG DISTRICT, JIAMUSI, HEILONGJIANG PROVINCE F4 154000
Hui Zhang	director	NO.88, 501,NANHE ST, SHAHEKOU DISTRICT, DALIAN CITY, LIAONING PROVINCE F4 116000
Qinghua Shi	director	NO.43, 6-4-1, ANSHAN ROAD, XIGANG DISTRICT, DALIAN, LIAONING PROVINCE F4 116000
Anthony Vincent Saviano	director	30 N. GOULD ST., STE R.,, SHERIDAN, WY 82801
Yongsheng Fu	director	NO.97, GROUP 10, YONGTAI COMMUNITY, XIANGYANG DISTRICT,, JIAMUSI, HEILONGJIANG PROVINCE F4 154000
Jialin Liang	director	NO.777 HAIAN ROAD, JILIN PROVINCE, CHANGCHUN CITY F4 130000
Bailiang Yang	director, officer: Chairman of the Board of Dir.	NO. 279, ZHONGNAN RD, ZHONGSHAN DIST., DALIAN, LIAONING F4 116015