Argo Investments (ASX:ARG) Credit Losses Provision : A$0.0 Mil (As of Dec. 2023)

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What is Argo Investments Credit Losses Provision?

Argo Investments's credit losses provision for the six months ended in Dec. 2023 was A$0.0 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was A$0.0 Mil.

Argo Investments Credit Losses Provision Historical Data

The historical data trend for Argo Investments's Credit Losses Provision 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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Argo Investments Credit Losses Provision Chart

Argo Investments Annual Data

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Credit Losses Provision

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Argo Investments Semi-Annual Data
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Argo Investments Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$0.0 Mil.

Argo Investments (ASX:ARG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Argo Investments Ltd (ASX:ARG) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

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Address

91 King William Street, Level 25, Adelaide, SA, AUS, 5000

Website

https://www.argoinvestments.com.au

Argo Investments Ltd is an investment company based in Australia. Its core operations focus on portfolio management with the objective of seeking long-term returns. Its revenues are generated from the receipt of dividends, interest and other income which are a result of its investing operations. It also derives income from interest earned on cash deposits, income from writing exchange-traded options and a small amount of share trading activity. Argo's investment portfolio comprises various sectors, such as healthcare, utilities, consumer discretionary, industrials, energy, banks, materials, telecommunication services and information technology and property trusts.

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