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Western Assetorate Loan Fund Net Income

: $2.77 Mil (TTM As of Mar. 2020)
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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. Western Assetorate Loan Fund's net income for the six months ended in Mar. 2020 was $-21.28 Mil. Its net income for the trailing twelve months (TTM) ended in Mar. 2020 was $2.77 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Western Assetorate Loan Fund's Earnings per Share (Diluted) for the six months ended in Mar. 2020 was $-2.16.


Western Assetorate Loan Fund Net Income Historical Data

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

* Premium members only.

Western Assetorate Loan Fund Annual Data
Sep17 Sep18 Sep19
Net Income 6.74 5.49 2.77

Western Assetorate Loan Fund Semi-Annual Data
Sep17 Mar18 Sep18 Mar19 Sep19 Mar20
Net Income Premium Member Only 2.82 2.67 -0.57 3.34 -21.28

Western Assetorate Loan Fund 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

Western Assetorate Loan Fund's Net Income for the fiscal year that ended in Sep. 2019 is calculated as

Net Income(A: Sep. 2019 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=2.772+0+0+0
=2.77

Western Assetorate Loan Fund's Net Income for the quarter that ended in Mar. 2020 is calculated as

Net Income(Q: Mar. 2020 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-21.276+0+0+0
=-21.28

For stock reported semi-annually, GuruFocus uses latest annual data as the TTM data. Net Income for the trailing twelve months (TTM) ended in Mar. 2020 was $2.77 Mil.

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


Western Assetorate Loan Fund  (NYSE:TLI) 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:

Western Assetorate Loan Fund's Earnings per Share (Diluted) (EPS) for the quarter that ended in Mar. 2020 is calculated as

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


Western Assetorate Loan Fund Net Income Related Terms


Western Assetorate Loan Fund Net Income Headlines

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