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Royal Wins (Royal Wins) Net Income : $-4.94 Mil (TTM As of Jun. 2022)


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What is Royal Wins 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. Royal Wins's Net Income for the three months ended in Jun. 2022 was $0.00 Mil. Its Net Income for the trailing twelve months (TTM) ended in Jun. 2022 was $-4.94 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Royal Wins's Earnings per Share (Diluted) for the three months ended in Jun. 2022 was $0.00.


Royal Wins Net Income Historical Data

The historical data trend for Royal Wins'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.

Royal Wins Net Income Chart

Royal Wins Annual Data
Trend Dec19 Dec20 Jun21 Jun22
Net Income
-0.03 -0.23 -9.28 -

Royal Wins Quarterly Data
Sep19 Dec19 Mar20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - -0.71 -0.91 -3.32 -

Royal Wins 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

Royal Wins's Net Income for the fiscal year that ended in Jun. 2022 is calculated as

Net Income(A: Jun. 2022 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=0+0+0+0
=0.00

Royal Wins's Net Income for the quarter that ended in Jun. 2022 is calculated as

Net Income(Q: Jun. 2022 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=0+0+0+0
=0.00

Net Income for the trailing twelve months (TTM) ended in Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.94 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.


Royal Wins  (OTCPK:RYWCF) 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:

Royal Wins's Earnings per Share (Diluted) (EPS) for the quarter that ended in Jun. 2022 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.


Royal Wins Net Income Related Terms

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Royal Wins (Royal Wins) Business Description

Traded in Other Exchanges
N/A
Address
401 Bay Street, Suite 2704, Box 4, Toronto, ON, CAN, M5H2Y4
Royal Wins Corp is a digital games studio pioneering skill game wagering and betting on mobile casual games. It designs, develops, and operates real money-wagering skill games, to disrupt and dominate the online gaming space such that all players of legal age can play and win life-changing jackpots and prizes on their skill instead of only on chance and odds. It designs develops and operates pure skill games for both cash and non-cash prizes targeting millennial markets via its primary skill gaming app, the Kash Karnival. Its primary innovation and intellectual property centres around solving big data problems around skill gaming mechanics, algorithms pertaining to balancing cash jackpots, game difficulty modules, and maintenance of return-to-player percentages.

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