World Acceptance (World Acceptance) Net Charge Offs to Average Loans %

: 19.10% (As of Dec. 2023)

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Net Charge Offs to Average Loans % is the net charge-offs divided by the average total loans during a specific period. This ratio measures the proportion of debt owed to a company that is unlikely to be recovered. A higher ratio means there’s more bad debt that is unlikely to be collected, which leads investors to believe it has a very risky portfolio.

World Acceptance's Net Charge Offs to Average Loans % for the quarter that ended in Dec. 2023 was 19.10% , which is higher than 16.10% for the pervious quarter ended in Sep. 2023.

World Acceptance's Net Charge Offs to Average Loans % for the annual that ended in Mar. 2023 was 23.70% , which is higher than 14.20% for the pervious year ended in Mar. 2022.

The historical rank and industry rank for World Acceptance's Net Charge Offs to Average Loans % or its related term are showing as below:

WRLD's Net Charge Offs to Average Loans % is not ranked ^*
in the Credit Services industry.
Industry Median:
* Ranked among companies with meaningful Net Charge Offs to Average Loans % only.

World Acceptance Net Charge Offs to Average Loans % Historical Data

The historical data trend for World Acceptance's Net Charge Offs to Average Loans % 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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World Acceptance Annual Data

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Net Charge Offs to Average Loans %

World AcceptanceQuarterly Data

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Competitive Comparison

For the Credit Services subindustry, World Acceptance's Net Charge Offs to Average Loans %, along with its competitors' market caps and Net Charge Offs to Average Loans % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

World Acceptance (NAS:WRLD) Net Charge Offs to Average Loans % Calculation

Net Charge Offs to Average Loans % is calculated as

Net Charge Offs to Average Loans %

Net Charge-offs

Average Total Loans

World Acceptance (NAS:WRLD) Net Charge Offs to Average Loans % Explanation

A Net Charge-off (NCO) is the dollar amount representing the difference between gross charge-offs and any subsequent recoveries of delinquent debt. The bad debt often needs to be written off and classified as gross charge-off. If any money is recovered from that debt, the recovered amount needs to be subtracted from gross charge-off, which is how we get the net charge-off.

Net Charge Offs to Average Loans % represents the amount of debt that a company believes it will never collect and is an indicator of a financial institution's loan portfolio performance. A higher ratio, especially when compared to the previous period or to other banks, would suggest that there’s more bad debt that is unlikely to be collected and the loan portfolio may be too risky.

World Acceptance Net Charge Offs to Average Loans % Related Terms

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World Acceptance (World Acceptance) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » World Acceptance Corp (NAS:WRLD) » Definitions » Net Charge Offs to Average Loans %

Comparable Companies

Traded in Other Exchanges

N/A

Address

104 South Main Street, Greenville, SC, USA, 29601

Website

https://www.loansbyworld.com

World Acceptance Corp operates a small-loan consumer finance business. The company offers short-term small installment loans, medium-term larger installment loans, related credit insurance and ancillary products and services to individuals. It also offers income tax return preparation services to its loan customers and other individuals.

Executives

Calmes John L Jr	officer: VP, CFO and Treasurer	C/O WORLD ACCEPTANCE CORPORATION, 108 FREDERICK STREET, GREENVILLE SC 29607
Jason E. Childers	officer: SVP, IT Strategic Solutions	108 FREDERICK STREET, GREENVILLE SC 29607
Scott Mcintyre	officer: SVP, Accounting	108 FREDERICK STREET, GREENVILLE SC 29607
Clifford Sosin	10 percent owner	8 WRIGHT STREET, 1ST FL, WESTPORT CT 06880
Thomas W Smith	10 percent owner, other: Member of Section 13(d) Group	2200 BUTTS ROAD, SUITE 320, BOCA RATON FL 33431
Luke J. Umstetter	officer: SVP, General Counsel	104 SOUTH MAIN STREET, SUITE 400, GREENVILLE SC 29601
Darrell E Whitaker	director	14 BATSON ORCHARD CT., TAYLORS SC 29687
R Chad Prashad	officer: See remarks	108 FREDERICK STREET, GREENVILLE SC 29607
Alice Lindsay Caulder	officer: SVP, Human Resources	108 FREDERICK STREET, GREENVILLE SC 29607
Daniel Clinton Dyer	officer: SVP, CENTRAL DIVISION	230 4TH AVENUE NORTH SUITE 500, NASHVILLE TN 37219
Charles D Way	director
Elizabeth R. Neuhoff	director	146 SOTA DRIVE, JUPITER FL 33458
Robinson Benjamin E Iii	director	325 CORPORATE DRIVE, PORTSMOUTH NH 03885
Bramlett Ken R Jr	director	2709 WATER RIDGE PARKWAY, 2ND FLOOR, CHARLOTTE NC 28217
Alison N Labruyere	officer: SVP and General Counsel	108 FREDERICK STREET, GREENVILLE SC 29607