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Roan Holdings Group Co (Roan Holdings Group Co) Net Income : $-0.35 Mil (TTM As of Dec. 2022)


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What is Roan Holdings Group Co 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. Roan Holdings Group Co's Net Income for the six months ended in Dec. 2022 was $-0.67 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2022 was $-0.35 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Roan Holdings Group Co's Earnings per Share (Diluted) for the six months ended in Dec. 2022 was $-0.03.


Roan Holdings Group Co Net Income Historical Data

The historical data trend for Roan Holdings Group Co'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.

Roan Holdings Group Co Net Income Chart

Roan Holdings Group Co Annual Data
Trend Mar15 Mar16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Net Income
Get a 7-Day Free Trial -94.13 24.21 -1.69 0.37 -0.35

Roan Holdings Group Co Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22
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 -1.45 -0.53 0.90 0.32 -0.67

Roan Holdings Group Co 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

Roan Holdings Group Co's Net Income for the fiscal year that ended in Dec. 2022 is calculated as

Net Income(A: Dec. 2022 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=0.095+-0.202+0+-0.245
=-0.35

Roan Holdings Group Co's Net Income for the quarter that ended in Dec. 2022 is calculated as

Net Income(Q: Dec. 2022 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-0.814+0.144+0+-0.0040000000000001
=-0.67

Net Income for the trailing twelve months (TTM) ended in Dec. 2022 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.35 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.


Roan Holdings Group Co  (OTCPK:RAHGF) 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:

Roan Holdings Group Co's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2022 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.


Roan Holdings Group Co Net Income Related Terms

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Roan Holdings Group Co (Roan Holdings Group Co) Business Description

Traded in Other Exchanges
N/A
Address
147 Ganshui Lane, Yuhuangshannan Fund Town, Shangcheng District, Zhejiang, Hangzhou, CHN
Roan Holdings Group Co Ltd functions in the financial services domain in the People's Republic of China. In association with its subsidiaries, it conducts the business of offering loans to various sectors such as supply chain finance, manufacturing, real estate, mineral, and energy. Its service offering includes Direct Lending Services, Financial Consulting Services, and Financial Leasing. It has two operating business lines, including business conducted by Adrie and its subsidiaries, management and assessment services and factoring business, and business conducted by Lixin Cayman and its subsidiaries, financial guarantee and consulting services.
Executives
Wong Jason Kon Man director ROOM 1102, 11/F, BEAUTIFUL GROUP TOWER, 77 CONNAUGHT ROAD CENTRAL, HONG KONG F4 00000
Alain Vincent Fontaine director 51 FUNG SHING STREET, BLOCK 5, FLAT 22A, NGAU CHI WAN, KOWLOON K3 00000
Hong Wang officer: Vice President ROOM 1101, 11TH FL., SATELLITE BLDG., 473 SATELLITE RD. ECONOMIC TECH DEV ZONE, URUMQI, XINJIANG F4 830000
Quan Zhou officer: Vice President ROOM 1101, 11TH FL., SATELLITE BLDG., 473 SATELLITE RD. ECONOMIC TECH DEV ZONE, URUMQI, XINJIANG F4 830000
Yangwei Global Ltd 10 percent owner ROOM 1101, 11TH FL., SATELLITE BLDG., 473 SATELLITE RD. ECONOMIC TECH DEV ZONE, URUMQI, XINJIANG F4 830000
Ruiheng Global Ltd 10 percent owner ROOM 1101, 11TH FL., SATELLITE BLDG., 473 SATELLITE RD. ECONOMIC TECH DEV ZONE, URUMQI, XINJIANG F4 830000
Yonggang Qiao officer: Chief Risk Management Advisor ROOM 1101, 11TH FL., SATELLITE BLDG., 473 SATELLITE RD. ECONOMIC TECH DEV ZONE, URUMQI, XINJIANG F4 830000
Jingping Li director, 10 percent owner, officer: President and CEO ROOM 1101, 11TH FL., SATELLITE BLDG., 473 SATELLITE RD. ECONOMIC TECH DEV ZONE, URUMQI, XINJIANG F4 830000
Wen Qi director, 10 percent owner ROOM 1101, 11TH FL., SATELLITE BLDG., 473 SATELLITE RD. ECONOMIC TECH DEV ZONE, URUMQI, XINJIANG F4 830000
Chan Stephen Sung Him officer: Chief Financial Officer 2/F., 129 PRINCE EDWARD ROAD WEST, MONGKOK K3 00000
Jianfeng Zhang officer: Vice President ROOM 1103, 11TH FL., SATELLITE BLDG., 473 SATELLITE RD. ECONOMIC TECH DEV ZONE, URUMQI, XINJIANG F4 830000
Si Shen director ROOM 2012, UNIT 1, BUILDING 2, NO. 899, FUCHUN ROAD, HANGZHOU, ZHEJIANG F4 830000
Wen Wang officer: Caital Market Director ROOM 1102, SATELLITE BLDG., 473 SATELLITE RD. ECONOMIC TECH DEV ZONE, URUMQI, XINJIANG F4 830000
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
North Pole Capital Master Fund 10 percent owner C/O POLAR ASSET MANAGEMENT PARTNERS INC., 401 BAY ST., SUITE 1900, PO BOX 19, TORONTO A6 M5H 2Y4

Roan Holdings Group Co (Roan Holdings Group Co) Headlines

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