Quality Online Education Group (Quality Online Education Group) Net Income : $-4.53 Mil (TTM As of May. 2023)

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What is Quality Online Education Group 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. Quality Online Education Group's Net Income for the three months ended in May. 2023 was $-2.61 Mil. Its Net Income for the trailing twelve months (TTM) ended in May. 2023 was $-4.53 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Quality Online Education Group's Earnings per Share (Diluted) for the three months ended in May. 2023 was $-0.00.

Quality Online Education Group Net Income Historical Data

The historical data trend for Quality Online Education Group'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.

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Quality Online Education Group Net Income Chart

Quality Online Education Group Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Aug13

Aug14

Aug21

Aug22

Net Income

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-0.07

0.65

1.33

-2.09

-3.79

Quality Online Education Group Quarterly Data
	Mar12	Jun12	Sep12	Dec12	Mar13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23
Net Income	Get a 7-Day Free Trial															-0.49	-0.29	-0.72	-0.90	-2.61

Quality Online Education Group 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

Quality Online Education Group's Net Income for the fiscal year that ended in Aug. 2022 is calculated as

	Net Income		(A: Aug. 2022 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	-3.79	+	0	+	0	+	0
=	-3.79

Quality Online Education Group's Net Income for the quarter that ended in May. 2023 is calculated as

	Net Income		(Q: May. 2023 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	-2.613	+	0	+	0	+	0
=	-2.61

Net Income for the trailing twelve months (TTM) ended in May. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.53 Mil.

Quality Online Education Group (OTCPK:QOEG) 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:

Quality Online Education Group's Earnings per Share (Diluted) (EPS) for the quarter that ended in May. 2023 is calculated as

Earnings per Share (Diluted) (Q: May. 2023 )	=	(Net Income	-	Preferred Dividends)	/	Shares Outstanding (Diluted Average)
	=	(-2.613	-	0)	/	1855.065
	=	-0.00

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.

Quality Online Education Group Net Income Related Terms

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Quality Online Education Group (Quality Online Education Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Quality Online Education Group Inc (OTCPK:QOEG) » Definitions » Net Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Commerce Valley Dr. West, Thornhill, ON, CAN, L3T7V9

Website

https://www.qualityonline.education

Quality Online Education Group Inc is a e-Learning company that provides comprehensive online English lessons to students in China and expanding to other markets where English education is sought after. The company is a pioneer and industry leader in providing real-time online small group classes. The main business scope of the Group includes K12 English Online education services, courseware development and education-technology platform development. The students achieve noticeable and quantifiable results, by delivery of quality education from passionate team of teachers and teaching assistants, based in North America and the Philippines.

Executives

Amanda Anderson	director	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Fu Kei Man Derek	director	2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Yin Yee Tso	director, officer: Chief Operating Officer	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Wing Yee Tong	10 percent owner	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Lai Ying Li	director, officer: Chairman, CEO, CFO and Sec.	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Wing Shan Tong	10 percent owner	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Yiu Kwong Pang	director	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR