NuLegacy Gold (NuLegacy Gold) Net Income : $-1.30 Mil (TTM As of Dec. 2023)

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What is NuLegacy Gold 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. NuLegacy Gold's Net Income for the three months ended in Dec. 2023 was $-0.31 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-1.30 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. NuLegacy Gold's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $-0.00.

NuLegacy Gold Net Income Historical Data

The historical data trend for NuLegacy Gold'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.

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NuLegacy Gold Net Income Chart

NuLegacy Gold Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Net Income

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-2.42

-1.30

-2.71

-2.03

-1.09

NuLegacy Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Net Income	Get a 7-Day Free Trial															-0.22	-0.32	-0.41	-0.27	-0.31

NuLegacy Gold 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

NuLegacy Gold's Net Income for the fiscal year that ended in Mar. 2023 is calculated as

	Net Income		(A: Mar. 2023 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	-1.091	+	0	+	0	+	0
=	-1.09

NuLegacy Gold'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
=	-0.307	+	0	+	0	+	0
=	-0.31

Net Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.30 Mil.

NuLegacy Gold (OTCPK:NULGF) 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:

NuLegacy Gold'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)
	=	(-0.307	-	0)	/	606.489
	=	-0.00

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.

NuLegacy Gold Net Income Related Terms

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NuLegacy Gold (NuLegacy Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NuLegacy Gold Corp (OTCPK:NULGF) » Definitions » Net Income

Comparable Companies

Traded in Other Exchanges

7NU:Germany NUG:Canada

Address

1055 West Hastings Street, Suite 300, Vancouver, BC, CAN, V6E 2E9

Website

https://www.nulegacygold.com

NuLegacy Gold Corp is an exploration company. It is engaged in the business of exploration, development, and extraction of gold and other precious metals. The company mainly operates its business activities from Nevada through its Red Hill property which is located on trend and adjacent to the three multi-million ounces Carlin-type gold deposits (the Pipeline, Cortez Hills, and Goldrush deposits) that are amongst Barrick Gold mines.