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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. Nuveen Floating Rateome Fund's Net Income for the six months ended in Jan. 2024 was $85.3 Mil. Its Net Income for the trailing twelve months (TTM) ended in Jan. 2024 was $100.6 Mil.
Net Income is linked to the most popular Earnings per Share (Diluted) number. Nuveen Floating Rateome Fund's Earnings per Share (Diluted) for the six months ended in Jan. 2024 was $0.64.
The historical data trend for Nuveen Floating Rateome Fund'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.
Nuveen Floating Rateome Fund Annual Data | ||||||||||||||||
Trend | Jul17 | Jul18 | Jul19 | Jul20 | Jul21 | Jul22 | Jul23 | |||||||||
Net Income | Get a 7-Day Free Trial | 12.41 | -53.63 | 90.15 | -15.01 | 34.84 |
Nuveen Floating Rateome Fund Semi-Annual Data | ||||||||||||||
Jul17 | Jan18 | Jul18 | Jan19 | Jul19 | Jan20 | Jul20 | Jan21 | Jul21 | Jan22 | Jul22 | Jan23 | Jul23 | Jan24 | |
Net Income | Get a 7-Day Free Trial |
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21.07 | -36.07 | 19.46 | 15.39 | 85.26 |
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
Nuveen Floating Rateome Fund's Net Income for the fiscal year that ended in Jul. 2023 is calculated as
Net Income | (A: Jul. 2023 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 34.841 | + | 0 | + | 0 | + | 0 |
= | 34.8 |
Nuveen Floating Rateome Fund's Net Income for the quarter that ended in Jan. 2024 is calculated as
Net Income | (Q: Jan. 2024 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 85.263 | + | 0 | + | 0 | + | 0 |
= | 85.3 |
Net Income for the trailing twelve months (TTM) ended in Jan. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $100.6 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.
Nuveen Floating Rateome Fund (NYSE:JFR) 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:
Nuveen Floating Rateome Fund's Earnings per Share (Diluted) (EPS) for the quarter that ended in Jan. 2024 is calculated as
Earnings per Share (Diluted) (Q: Jan. 2024 ) | = | (Net Income | - | Preferred Dividends) | / | Shares Outstanding (Diluted Average) |
= | (85.263 | - | 0) | / | 133.224 | |
= | 0.64 |
* 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 businessThe 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.
Thank you for viewing the detailed overview of Nuveen Floating Rateome Fund's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.
Matthew Iii Thornton | other: Trustee | 3610 HACKS CROSS ROAD, MEMPHIS TN 38125 |
Nathaniel T. Jones | officer: Vice President and Treasurer | C/O NUVEEN 333 W. WACKER DRIVE, STE 3400, CHICAGO IL 60606 |
Scott C. Caraher | other: Portfolio Manager | C/O NUVEEN INVESTMENTS, 333 W. WACKER DRIVE, CHICAGO IL 60606 |
Albin F Moschner | other: Trustee | C/O LURIO & ASSOCIATES, P.C., 2005 MARKET STREET, SUITE 3120, PHILADELPHIA PA 19103 |
Brett Black | officer: Chief Compliance Officer | 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606 |
John M. Mccann | officer: Vice President | 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606 |
Joanne Medero | other: Trustee | 333 W. WACKER DRIVE, C/O NUVEEN, STE 3400, CHICAGO IL 60606 |
Lancellotta Amy B.r. | other: Trustee | 333 W. WACKER DRIVE, C/O NUVEEN, STE 3400, CHICAGO IL 60606 |
Saba Capital Management, L.p. | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
Knights Of Columbus | 10 percent owner | ONE COLUMBUS PLAZA, NEW HAVEN CT 06510 |
Boaz Weinstein | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
Deann Morgan | officer: Vice President | TWO WORLD FINANCIAL CENTER, 7TH FLOOR, NEW YORK NY 10281 |
Jon Scott Meissner | officer: Vice President | 333 W WACKER DRIVE, STE 3400, CHICAGO IL 60606 |
Jacques M Longerstaey | officer: Vice President | 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606 |
Brian J Lockhart | officer: Vice President | 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606 |
From GuruFocus
By GuruFocus Research • 10-11-2023
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