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GuruFocus has detected 3 Warning Signs with World Acceptance Corp $WRLD.
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World Acceptance Corp (NAS:WRLD)
Credit Losses Provision
$132.2 Mil (TTM As of Dec. 2016)

World Acceptance Corp's credit losses provision for the three months ended in Dec. 2016 was $40.0 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2016 was $132.2 Mil.

World Acceptance Corp's quarterly credit losses provision increased from Jun. 2016 ($32.0 Mil) to Sep. 2016 ($35.9 Mil) and increased from Sep. 2016 ($35.9 Mil) to Dec. 2016 ($40.0 Mil).

World Acceptance Corp's annual credit losses provision declined from Mar. 2014 ($126.6 Mil) to Mar. 2015 ($118.8 Mil) but then increased from Mar. 2015 ($118.8 Mil) to Mar. 2016 ($123.6 Mil).


Definition

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 Dec. 2016 was 24.373 (Mar. 2016 ) + 32.014 (Jun. 2016 ) + 35.871 (Sep. 2016 ) + 39.985 (Dec. 2016 ) = $132.2 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

World Acceptance Corp Annual Data

Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15Mar16Mar17
IS_CreditLossesProvision 67.585.590.395.9105.7114.3126.6118.8123.6128.6

World Acceptance Corp Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
IS_CreditLossesProvision 38.313.526.237.635.424.432.035.940.020.7
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