WINSF (Wins Finance Holdings) Credit Losses Provision : $0.55 Mil (As of Dec. 2023)

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What is Wins Finance Holdings Credit Losses Provision?

Wins Finance Holdings's credit losses provision for the six months ended in Dec. 2023 was $1.77 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $0.55 Mil.

Wins Finance Holdings's quarterly credit losses provision declined from Dec. 2022 ($1.81 Mil) to Jun. 2023 ($-1.22 Mil) but then increased from Jun. 2023 ($-1.22 Mil) to Dec. 2023 ($1.77 Mil).

Wins Finance Holdings's annual credit losses provision declined from Jun. 2021 ($9.50 Mil) to Jun. 2022 ($2.26 Mil) and declined from Jun. 2022 ($2.26 Mil) to Jun. 2023 ($0.59 Mil).

Wins Finance Holdings Credit Losses Provision Historical Data

The historical data trend for Wins Finance Holdings's Credit Losses Provision 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.

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Wins Finance Holdings Credit Losses Provision Chart

Wins Finance Holdings Annual Data

Trend

Dec14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Credit Losses Provision

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81.59

19.38

9.50

2.26

0.59

Wins Finance Holdings Semi-Annual Data
	Sep14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Credit Losses Provision	Get a 7-Day Free Trial														-1.78	4.04	1.81	-1.22	1.77

Wins Finance Holdings Credit Losses Provision Calculation

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.

Credit Losses Provision 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 $0.55 Mil.

Wins Finance Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Wins Finance Holdings Inc (OTCPK:WINSF) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 58 Jianguo Road, 1st Floor, Building 1B, Chaoyang District, Beijing, CHN, 100024

Website

http://www.winsholdings.com

Wins Finance Holdings Inc is a diversified investment and asset management company. It is in the business of leasing, financial advisory, financial guarantees, and partnerships. The Company operates and manages its business in three reportable segments, namely, the provision of financial services, medical consulting services and Sales medical equipment in the PRC domestic market.

Executives

Amy He	officer: Chief Financial Officer	8TH FLOOR BLOCK 8 AOLINJIATAI BLDG, 1 KEHUIQIAN ST, CHAOYANG DISTRICT, BEIJING F4 00000
Richard Xu	director, officer: President	65 BROADWAY, SUITE 501, NEW YORK NY 10006
Bradley Reifler	director	590 MADISON AVENUE, 21ST FLOOR, NEW YORK NY 10022
Nicholas Clements	director	6F/TOWER, 2 WEST PROSPER CENTRE, NO.5, GUANGHUA ROAD, CHAOYANG DISTRICT, BEIJING F4 100020
Jingxiao Zhang	director	STATISTICS SCHOOL, RENMIN UNIVERSITY, 59 ZHONGGUANCUN AVENUE, HAIDIAN DISTRICT, BEIJING F4 100872
Jianming Hao	director, officer: Co-Chief Executive Officer	UNIT 106, TERN CENTRE, TOWER II,, 251 QUEEN'S ROAD, CENTRAL, HONG KONG F4 00000
Peilin Zhao	10 percent owner	1908, 19/F, BLOCK 2, NO. 116, GUANGANMENNEIDAJIE, XUANWU XU, BEIJING F4 XXXXXX
Hong Wang	10 percent owner	8TH FL BLK 5 AOLINJIATAI BLDG, 1 KEHUIQIAN ST, CHAOYANG DISTRICT, BEIJING F4 100192