GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Malacca Straits Acquisition Co Ltd (NAS:MLACU) » Definitions » Net Income

Malacca Straits Acquisition Co (Malacca Straits Acquisition Co) Net Income : $-0.87 Mil (TTM As of Mar. 2023)


View and export this data going back to 2020. Start your Free Trial

What is Malacca Straits Acquisition Co Net Income?

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. Malacca Straits Acquisition Co's Net Income for the three months ended in Mar. 2023 was $-0.97 Mil. Its Net Income for the trailing twelve months (TTM) ended in Mar. 2023 was $-0.87 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Malacca Straits Acquisition Co's Earnings per Share (Diluted) for the three months ended in Mar. 2023 was $.


Malacca Straits Acquisition Co Net Income Historical Data

The historical data trend for Malacca Straits Acquisition Co'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.

* Premium members only.

Malacca Straits Acquisition Co Net Income Chart

Malacca Straits Acquisition Co Annual Data
Trend Dec20 Dec21 Dec22
Net Income
-7.63 6.05 3.01

Malacca Straits Acquisition Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.91 0.99 -0.35 -0.54 -0.97

Malacca Straits Acquisition Co 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

Malacca Straits Acquisition Co's Net Income for the fiscal year that ended in Dec. 2022 is calculated as

Net Income(A: Dec. 2022 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=3.008+0+0+0
=3.01

Malacca Straits Acquisition Co's Net Income for the quarter that ended in Mar. 2023 is calculated as

Net Income(Q: Mar. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-0.967+0+0+0
=-0.97

Net Income for the trailing twelve months (TTM) ended in Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.87 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.


Malacca Straits Acquisition Co  (NAS:MLACU) 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:

Malacca Straits Acquisition Co's Earnings per Share (Diluted) (EPS) for the quarter that ended in Mar. 2023 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.


Malacca Straits Acquisition Co Net Income Related Terms

Thank you for viewing the detailed overview of Malacca Straits Acquisition Co's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.


Malacca Straits Acquisition Co (Malacca Straits Acquisition Co) Business Description

Traded in Other Exchanges
N/A
Address
2 Ice House Street, Saint George’s Building, Unit 601-2, Central, Hong Kong, HKG
Malacca Straits Acquisition Co Ltd is a blank check company.
Executives
Ka Lok Wong director, 10 percent owner 7244 CARRIZO DRIVE,, LA JOLLA CA 92037
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Aqr Arbitrage Llc 10 percent owner ONE GREENWICH PLAZA, GREENWICH CT 06830
Aqr Capital Management Llc 10 percent owner ONE GREENWICH PLAZA, GREENWICH CT 06830
Aqr Capital Management Holdings, Llc 10 percent owner ONE GREENWICH PLAZA, GREENWICH CT 06830
Nomura Holdings Inc 10 percent owner 1-13-1 NIHONBASHI, CHUO-KU, TOKYO M0 103-8645
Nomura Global Financial Products Inc 10 percent owner WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019
Eugene Ty Tan director UNIT 601-2 ST. GEORGES BUILDING, 2 ICE HOUSE STREET, CENTRAL K3 000000
Ming Shu Leung director UNIT 601-2 ST. GEORGES BUILDING, 2 ICE HOUSE STREET, CENTRAL K3 000000
Gordon Lo director, officer: CEO and President UNIT 601-2, ST. GEORGE'S BUILDING 2 ICE HOUSE STREET, CENTRAL K3 00000
Christian Jason Chan director C/O SECLAW GROUP, 100 CRESCENT COURT #700, DALLAS TX 75201
Malacca Straits Management Co Ltd 10 percent owner WICKHAM CAY II ROAD TOWN, TORTOLA E9 VG1110
Kenneth Ng director, 10 percent owner, officer: CEO and President 2 ICE HOUSE STREET, ST. GEORGE'S BLDG UNIT 601-2, HONG KONG F4 000000
Dwi Prasetyo Suseno director 2 ICE HOUSE STREET, ST. GEORGE'S BLDG UNIT 601-2, HONG KONG F4 000000
Ping He director 2 ICE HOUSE STREET, ST. GEORGE'S BLDG UNIT 601-2, HONG KONG F4 000000