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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. Adams Natural Resources Fund's Net Income for the six months ended in Dec. 2023 was $31.69 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was $9.69 Mil.
Net Income is linked to the most popular Earnings per Share (Diluted) number. Adams Natural Resources Fund's Earnings per Share (Diluted) for the six months ended in Dec. 2023 was $1.24.
The historical data trend for Adams Natural Resources 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.
Adams Natural Resources Fund Annual Data | ||||||||||||||||
Trend | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Net Income | Get a 7-Day Free Trial | 65.66 | -142.00 | 154.35 | 205.49 | 9.69 |
Adams Natural Resources Fund Semi-Annual Data | |||||||||||||
Dec17 | Jun18 | Dec18 | Jun19 | Dec19 | Jun20 | Dec20 | Jun21 | Dec21 | Jun22 | Dec22 | Jun23 | Dec23 | |
Net Income | Get a 7-Day Free Trial | 35.17 | 83.88 | 121.61 | -22.00 | 31.69 |
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
Adams Natural Resources Fund's Net Income for the fiscal year that ended in Dec. 2023 is calculated as
Net Income | (A: Dec. 2023 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 9.694 | + | 0 | + | 0 | + | 0 |
= | 9.69 |
Adams Natural Resources Fund's Net Income for the quarter that ended in Dec. 2023 is calculated as
Net Income | (Q: Dec. 2023 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 31.69 | + | 0 | + | 0 | + | 0 |
= | 31.69 |
Net Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $9.69 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.
Adams Natural Resources Fund (NYSE:PEO) 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:
Adams Natural Resources Fund's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2023 is calculated as
Earnings per Share (Diluted) (Q: Dec. 2023 ) | = | (Net Income | - | Preferred Dividends) | / | Shares Outstanding (Diluted Average) |
= | (31.69 | - | 0) | / | 25.514 | |
= | 1.24 |
* 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 Adams Natural Resources Fund's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.
Gregory W. Buckley | officer: Executive Vice President | 500 EAST PRATT STREET, SUITE 1300, BALTIMORE MD 21202 |
Mary Christine Gay | director | 3600 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109 |
Jane Musser Nelson | director | 100 FEDERAL STREET, 31ST FLOOR, BOSTON MA 02110 |
Brian Stephen Hook | officer: Treasurer | ADAMS FUNDS, 500 EAST PRATT STREET, SUITE 1300, BALTIMORE MD 21202 |
Kathleen T Mcgahran | director | ADAMS FUNDS, 500 EAST PRATT STREET, SUITE 1300, BALTIMORE MD 21202 |
Janis F. Kerns | officer: Gen Counsel,Corp Sec, CCO | ADAMS FUNDS, 500 EAST PRATT STREET, SUITE 1300, BALTIMORE MD 21202 |
Lauriann C Kloppenburg | director | ADAMS FUNDS, 500 EAST PRATT STREET, SUITE 1300, BALTIMORE MD 21202 |
Frederic A Escherich | director | ADAMS FUNDS, 500 EAST PRATT STREET, SUITE 1300, BALTIMORE MD 21202 |
Phillip Goldstein | 10 percent owner, other: See Explanation of Response | 60 HERITAGE DRIVE, PLEASANTVILLE NY 10570 |
Andrew Dakos | 10 percent owner, other: See Explanation of Response | 250 PEHLE AVE., SUITE 708, SADDLE BROOK NJ 07663 |
Investors, Llp Bulldog | 10 percent owner, other: See Explanation of Response | PARK 80 WEST - PLAZA TWO, 250 PEHLE AVE. SUITE 708, SADDLE BROOK NJ 07663 |
Frederick D. Disanto | 10 percent owner | 6060 PARKLAND, SUITE 200, CLEVELAND OH 44124 |
Ancora Advisors, Llc | 10 percent owner, other: Member of a Group | 6060 PARKLAND BOULEVARD, SUITE 200, CLEVELAND OH 44124 |
James M Chadwick | 10 percent owner | C/O IMPERIAL HOLDINGS, INC., 701 PARK OF COMMERCE BLVD., #301, BOCA RATON FL 33487 |
Kenneth James Dale | director | ADAMS FUNDS, 500 EAST PRATT STREET, SUITE 1300, BALTIMORE MD 21202 |
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