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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. Singularity Future Technology's Net Income for the three months ended in Dec. 2023 was $-1.11 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-19.58 Mil.
Net Income is linked to the most popular Earnings per Share (Diluted) number. Singularity Future Technology's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $-0.63.
The historical data trend for Singularity Future Technology'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.
Singularity Future Technology Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
Net Income | Get a 7-Day Free Trial | -6.53 | -16.45 | -10.90 | -28.26 | -23.00 |
Singularity Future Technology Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Net Income | Get a 7-Day Free Trial | -3.73 | -11.92 | -4.26 | -2.29 | -1.11 |
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
Singularity Future Technology's Net Income for the fiscal year that ended in Jun. 2023 is calculated as
Net Income | (A: Jun. 2023 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | -22.962 | + | -0.136 | + | 0 | + | 0.101 |
= | -23.00 |
Singularity Future Technology's Net Income for the quarter that ended in Dec. 2023 is calculated as
Net Income | (Q: Dec. 2023 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | -1.169 | + | 0 | + | 0 | + | 0.058 |
= | -1.11 |
Net Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-19.58 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.
Singularity Future Technology (NAS:SGLY) 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:
Singularity Future Technology's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2023 is calculated as
Earnings per Share (Diluted) (Q: Dec. 2023 ) | = | (Net Income | - | Preferred Dividends) | / | Shares Outstanding (Diluted Average) |
= | (-1.111 | - | 0) | / | 1.752 | |
= | -0.63 |
* 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 businessThe 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.
Thank you for viewing the detailed overview of Singularity Future Technology's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.
Zhongliang Xie | director | SINGULARITY FUTURE TECHNOLOGY LTD., 98 CUTTER MILL ROAD, SUITE 322, GREAT NECK NY 11021 |
Ying Cao | officer: CFO | SINGULARITY FUTURE TECHNOLOGY LTD., 98 CUTTER MILL ROAD, SUITE 322, GREAT NECK NY 11021 |
Ling Jiang | director | SINGULARITY FUTURE TECHNOLOGY LTD., 98 CUTTER MILL ROAD, SUITE 322, GREAT NECK NY 11201 |
Haotian Song | director, officer: Voce President | SINGULARITY FUTURE TECHNOLOGY LTD., 98 CUTTER MILL ROAD, SUITE 322, GREAT NECK NY 11201 |
Dianjiang Wang | officer: CFO | SINGULARITY FUTURE TECHNOLOGY LTD., 98 CUTTER MILL ROAD, SUITE 322, GREAT NECK NY 11201 |
Ziyuan Liu | director, officer: Chairman of the Board and CEO | SINGULARITY FUTURE TECHNOLOGY LTD., 98 CUTTER MILL ROAD, SUITE 322, GREAT NECK NY 11201 |
Yang Jie | director, officer: Chief Executive Officer | 108 WOOLEYS LN, GREAT NECK NJ 11023 |
Jing Shan | officer: Chief Operating Officer | 9 AVE AT PORT IMPERIAL, UNITE 622, WEST NEW YORK NJ 07093 |
Shi Qiu | officer: Chief Technology Officer | 67B 157 WEST 57 STREET, NEW YORK NY 10019 |
Heng Wang | director | 16-017, 85 BROAD STREET, NEW YORK NY 10004 |
Lei Nie | officer: Vice President | 49 ELMTREE LANE, JERICHO NY 11753 |
Xiaohuan Huang | director | GRAND TWO 131-03 40TH RD, FLUSHING NY 11354 |
Junfeng Xu | director | RM802, JUYUANBEILI, DAHONGMEN RD., FENGTAI DIST., BEIJING F4 100076 |
Jianming Li | director | RM102 NO.77 BAO GANG SI CUN, YOUYI RD, BAOSHAN DISTRICT, SHANGHAI F4 201999 |
Jing Wang | director | 36-09 MAIN STREET, SUITE 9C-2, FLUSHING NY 11354 |
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