Banco de Venezuela (CAR:BVL) Net Income: VES8,664 Mil (TTM As of Dec. 2013)

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What is Banco de Venezuela Net Income?

Banco de Venezuela CAR:BVL +3.06% Net Income is VES8,664 Mil as of Dec. 2013.

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. Banco de Venezuela's Net Income for the six months ended in Dec. 2013 was VES5,283 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2013 was VES8,664 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Banco de Venezuela's Earnings per Share (Diluted) for the six months ended in Dec. 2013 was VES1.45.


Banco de Venezuela  (CAR:BVL) 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:

Banco de Venezuela's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2013 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.


Banco de Venezuela Net Income Related Terms


Banco de Venezuela Net Income Historical Data

* Premium members only.

The historical data trend for Banco de Venezuela'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.

Banco de Venezuela Net Income Chart

Banco de Venezuela Annual Data
Trend Dec10 Dec11 Dec12 Dec13
Net Income
458.80 2,263.61 5,558.71 8,663.58

Banco de Venezuela Semi-Annual Data
Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13
Net Income Get a 7-Day Free Trial 1,571.17 2,388.03 3,170.69 3,380.67 5,282.91

Banco de Venezuela 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

Banco de Venezuela's Net Income for the fiscal year that ended in Dec. 2013 is calculated as

Net Income(A: Dec. 2013 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=8952.05+-288.47+0+0
=8,664

Banco de Venezuela's Net Income for the quarter that ended in Dec. 2013 is calculated as

Net Income(Q: Dec. 2013 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=5369.585+-86.678+0+0
=5,283

Net Income for the trailing twelve months (TTM) ended in Dec. 2013 adds up the semi-annually data reported by the company within the most recent 12 months, which was VES8,664 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.

Frequently Asked Questions Learn more about Net Income →
What does a Net Income of VES8,664 Mil mean?
Banco de Venezuela (CAR:BVL) has a Net Income of VES8,664 Mil as of Dec. 2013. Net Income is the total earnings after all operating expenses, interest and taxes. View historical data on Banco de Venezuela and its competitors.
Is Banco de Venezuela's Net Income too high?
Banco de Venezuela's current Net Income is VES8,664 Mil.
How does Banco de Venezuela's Net Income compare to ARST?
Banco de Venezuela's Net Income of VES8,664 Mil can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Income for a Banks company?
A good Net Income depends on the Banks industry context. However, Net Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Income mean?
A high Net Income can signal that a stock is expensive relative to its fundamentals. Net Income is the total earnings after all operating expenses, interest and taxes. View historical data on Banco de Venezuela and its competitors. Banco de Venezuela's current Net Income is VES8,664 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banco de Venezuela stock overvalued right now?
Banco de Venezuela (CAR:BVL) has a current Net Income of VES8,664 Mil. The current Net Income is VES8,664 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Income calculated?
Net Income is calculated from a company's financial statements. For Banco de Venezuela (CAR:BVL), the current Net Income is VES8,664 Mil as of Dec. 2013. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Banco de Venezuela Business Description

Address Av University in Society Traposos, Torre Banco de Venezuela, Caracas, VEN
Banco de Venezuela SA is engaged in financial intermediation services consisting of raising funds for the purpose of granting credit or loans, and other financial operations and services. The bank maintains currency and savings and foreign currency account which includes global accounts, paid global accounts, digital key accounts among others.