World Acceptance (MEX:WRLD) Credit Losses Provision

: MXN5,088 Mil (As of Mar. 2023)

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World Acceptance's credit losses provision for the three months ended in Mar. 2023 was MXN819 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2023 was MXN5,088 Mil.

World Acceptance's quarterly credit losses provision declined from Sep. 2022 (MXN1,380 Mil) to Dec. 2022 (MXN1,162 Mil) and declined from Dec. 2022 (MXN1,162 Mil) to Mar. 2023 (MXN819 Mil).

World Acceptance's annual credit losses provision increased from Mar. 2021 (MXN1,763 Mil) to Mar. 2022 (MXN3,708 Mil) and increased from Mar. 2022 (MXN3,708 Mil) to Mar. 2023 (MXN4,677 Mil).

World Acceptance Credit Losses Provision Historical Data

The historical data trend for World Acceptance's Credit Losses Provision 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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World Acceptance Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Credit Losses Provision

2,879.19

4,261.21

1,762.93

3,707.57

4,676.82

World Acceptance Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Credit Losses Provision																1,143.67	1,726.57	1,380.29	1,162.14	818.55

World Acceptance Credit Losses Provision Calculation

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.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN5,088 Mil.

World Acceptance (MEX:WRLD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » World Acceptance Corp (MEX:WRLD) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

WRLD:USA WOA:Germany

Address

104 S. Main Street, Greenville, SC, USA, 29601

Website

https://www.loansbyworld.com

World Acceptance Corp operates a small-loan consumer finance business. The company offers short-term small installment loans, medium-term larger installment loans, related credit insurance and ancillary products and services to individuals. It also offers income tax return preparation services to its loan customers and other individuals.