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Insight Selectome Fund (Insight Selectome Fund) Net Income : $9.82 Mil (TTM As of Mar. 2024)


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What is Insight Selectome Fund 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. Insight Selectome Fund's Net Income for the six months ended in Mar. 2024 was $14.62 Mil. Its Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was $9.82 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Insight Selectome Fund's Earnings per Share (Diluted) for the six months ended in Mar. 2024 was $1.36.


Insight Selectome Fund Net Income Historical Data

The historical data trend for Insight Selectome Fund'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.

Insight Selectome Fund Net Income Chart

Insight Selectome Fund Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Net Income
Get a 7-Day Free Trial 3.08 30.84 -5.66 -13.80 9.82

Insight Selectome Fund Semi-Annual Data
Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -15.54 -25.44 11.64 -4.80 14.62

Insight Selectome Fund 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

Insight Selectome Fund's Net Income for the fiscal year that ended in Mar. 2024 is calculated as

Net Income(A: Mar. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=9.822+0+0+0
=9.82

Insight Selectome Fund's Net Income for the quarter that ended in Mar. 2024 is calculated as

Net Income(Q: Mar. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=14.618+0+0+0
=14.62

Net Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $9.82 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.


Insight Selectome Fund  (NYSE:INSI) 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:

Insight Selectome Fund's Earnings per Share (Diluted) (EPS) for the quarter that ended in Mar. 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.


Insight Selectome Fund Net Income Related Terms

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Insight Selectome Fund (Insight Selectome Fund) Business Description

Traded in Other Exchanges
N/A
Address
200 Park Avenue, 7th Floor, New York, NY, USA, 10166
Insight Select Income Fund is a diversified closed-end, management investment company. The fund's investment objective is to seek a high rate of return, primarily from interest income and trading activity, from a portfolio principally consisting of debt securities. It offers various solutions such as risk management, liquidity management, and return generation among others.
Executives
Daniel Haff officer: Chief Compliance Officer C/O INSIGHT SELECT INCOME FUND, 200 PARK AVE, 7TH FLOOR, NEW YORK NY 10166
Patrick Harris officer: Chief Compliance Officer C/O INSIGHT SELECT INCOME FUND, 200 PARK AVENUE, 7TH FLOOR, NEW YORK NY 10166
Seth Gelman officer: Chief Compliance Officer C/O INSIGHT INVESTMENT, 200 PARK AVENUE, 7TH FLOOR, NEW YORK NY 10166
Ellen D Harvey director
Insight North America Llc other: Investment Adviser 200 PARK AVENUE, 7TH FLOOR, NEW YORK NY 10166-0005
James Dichiaro officer: Vice President 113 KING STREET, ARMONK NY 10504
David Lebisky officer: Chief Compliance Officer 11601 WILSHIRE BOULEVARD, SUITE 1200, LOS ANGELES CA 90025
Thomas Stabile officer: VP, Treasurer and CFO 200 PARK AVE, 7TH FLOOR, NEW YORK NY 10166
Robin J. Shulman officer: Chief Compliance Officer 200 PARK AVE, 7TH FLOOR, NEW YORK X1 19103
Thomas Edgar Spock director 43 STONEYSIDE DRIVE, LARCHMONT NY 10538
Cutwater Investor Services Corp. other: Investment Advisor 113 KING STREET, ARMONK NY 10504
Joseph L. Sevely officer: VP, Treasurer and CFO 276 FIFTH AVENUE, SUITE 306, NEW YORK NY 10001
W Thacher Brown director 355 MAPLE AVE, HARLEYSVILLE PA 19438-2297
J Lawrence Shane director 1838 BOND DEBENTURE TRADING FUND, 2701 RENAISSANCE BLVD 4TH FL, KING OF PRUSSIA PA 19406
Mbia Inc other: Parent of Inv. Adv. see foot.1 1 MANHATTANVILLE ROAD, SUITE 301, PURCHASE NY 10577

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