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Resource Centrix Holdings (XCNQ:RECE) Net Income : C$-0.26 Mil (TTM As of Apr. 2024)


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What is Resource Centrix Holdings 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. Resource Centrix Holdings's Net Income for the three months ended in Apr. 2024 was C$-0.02 Mil. Its Net Income for the trailing twelve months (TTM) ended in Apr. 2024 was C$-0.26 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Resource Centrix Holdings's Earnings per Share (Diluted) for the three months ended in Apr. 2024 was C$-0.00.


Resource Centrix Holdings Net Income Historical Data

The historical data trend for Resource Centrix Holdings'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.

Resource Centrix Holdings Net Income Chart

Resource Centrix Holdings Annual Data
Trend Jan22 Jan23 Jan24
Net Income
0.01 -0.18 -0.28

Resource Centrix Holdings Quarterly Data
Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.04 -0.01 -0.06 -0.17 -0.02

Resource Centrix Holdings 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

Resource Centrix Holdings's Net Income for the fiscal year that ended in Jan. 2024 is calculated as

Net Income(A: Jan. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-0.28+0+0+0
=-0.28

Resource Centrix Holdings's Net Income for the quarter that ended in Apr. 2024 is calculated as

Net Income(Q: Apr. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-0.015+0+0+0
=-0.02

Net Income for the trailing twelve months (TTM) ended in Apr. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.26 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.


Resource Centrix Holdings  (XCNQ:RECE) 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:

Resource Centrix Holdings's Earnings per Share (Diluted) (EPS) for the quarter that ended in Apr. 2024 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.


Resource Centrix Holdings Net Income Related Terms

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Resource Centrix Holdings Business Description

Traded in Other Exchanges
N/A
Address
2211 Wall Street, No. 406, Vancouver, BC, CAN, V5L 1G4
Website
Resource Centrix Holdings Inc is a junior mineral exploration company focused primarily on the identification, acquisition, evaluation, exploration, discovery and development of mineral properties and deposits in Canada. The Corporation has the sole, immediate, exclusive and irrevocable option to acquire a 100% undivided interest over a four-year period in 2 mineral claims in the Sylvest Property, located in the Omineca Mining Division, British Columbia.

Resource Centrix Holdings Headlines

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