UC Asset LP (UC Asset LP) Net Income : $0.98 Mil (TTM As of Sep. 2021)

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What is UC Asset LP 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. UC Asset LP's Net Income for the three months ended in Sep. 2021 was $-0.57 Mil. Its Net Income for the trailing twelve months (TTM) ended in Sep. 2021 was $0.98 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. UC Asset LP's Earnings per Share (Diluted) for the three months ended in Sep. 2021 was $-0.10.

UC Asset LP Net Income Historical Data

The historical data trend for UC Asset LP'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.

UC Asset LP Net Income Chart

UC Asset LP Annual Data

Trend

Dec18

Dec19

Dec20

Net Income

-0.26

0.20

0.01

UC Asset LP Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Net Income	Get a 7-Day Free Trial						0.07	1.80	-0.17	-0.09	-0.57

UC Asset LP 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

UC Asset LP's Net Income for the fiscal year that ended in Dec. 2020 is calculated as

	Net Income		(A: Dec. 2020 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	0.014	+	0	+	0	+	0
=	0.01

UC Asset LP's Net Income for the quarter that ended in Sep. 2021 is calculated as

	Net Income		(Q: Sep. 2021 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	-0.568	+	0	+	0	+	0
=	-0.57

Net Income for the trailing twelve months (TTM) ended in Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.98 Mil.

UC Asset LP (OTCPK:UCASU) 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:

UC Asset LP's Earnings per Share (Diluted) (EPS) for the quarter that ended in Sep. 2021 is calculated as

Earnings per Share (Diluted) (Q: Sep. 2021 )	=	(Net Income	-	Preferred Dividends)	/	Shares Outstanding (Diluted Average)
	=	(-0.568	-	0)	/	5.635
	=	-0.10

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.

UC Asset LP Net Income Related Terms

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