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Nickel 28 Capital (TSXV:NKL) Net Income : C$0.78 Mil (TTM As of Oct. 2023)


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What is Nickel 28 Capital 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. Nickel 28 Capital's Net Income for the three months ended in Oct. 2023 was C$1.54 Mil. Its Net Income for the trailing twelve months (TTM) ended in Oct. 2023 was C$0.78 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Nickel 28 Capital's Earnings per Share (Diluted) for the three months ended in Oct. 2023 was C$0.02.


Nickel 28 Capital Net Income Historical Data

The historical data trend for Nickel 28 Capital'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.

Nickel 28 Capital Net Income Chart

Nickel 28 Capital Annual Data
Trend Dec19 Dec20 Jan22 Jan23
Net Income
- 3.28 14.11 8.20

Nickel 28 Capital Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
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 Premium Member Only Premium Member Only 10.43 -2.26 0.67 0.83 1.54

Nickel 28 Capital 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

Nickel 28 Capital's Net Income for the fiscal year that ended in Jan. 2023 is calculated as

Net Income(A: Jan. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=14.874+-6.672+0+-1.7763568394003E-15
=8.20

Nickel 28 Capital's Net Income for the quarter that ended in Oct. 2023 is calculated as

Net Income(Q: Oct. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=1.537+0+0+0
=1.54

Net Income for the trailing twelve months (TTM) ended in Oct. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.78 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.


Nickel 28 Capital  (TSXV:NKL) 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:

Nickel 28 Capital's Earnings per Share (Diluted) (EPS) for the quarter that ended in Oct. 2023 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.


Nickel 28 Capital Net Income Related Terms

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Nickel 28 Capital (TSXV:NKL) Business Description

Traded in Other Exchanges
Address
155 University Avenue, Suite 1240, Toronto, ON, CAN, M5H 3B7
Nickel 28 Capital Corp is a nickel-cobalt producer in Canada. Nickel-cobalt production comes from its joint-venture interest in the Ramu Nickel-Cobalt Operation located in Papua New Guinea provides it with significant attributable nickel and cobalt production thereby offering shareholders direct exposure to two metals that are critical to the adoption of electric vehicles. In addition, the company manages a portfolio of around 13 nickel and cobalt royalties on development and exploration projects in Canada, Australia, and Papua New Guinea.
Executives
Edward A. Collery Director, Director or Senior Officer of 10% Security Holder
Pelham Investment Partners 10% Security Holder

Nickel 28 Capital (TSXV:NKL) Headlines

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