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Industrias BachocoB de CV (Industrias BachocoB de CV) Net Income : $200 Mil (TTM As of Sep. 2023)


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What is Industrias BachocoB de CV 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. Industrias BachocoB de CV's Net Income for the three months ended in Sep. 2023 was $103 Mil. Its Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was $200 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Industrias BachocoB de CV's Earnings per Share (Diluted) for the three months ended in Sep. 2023 was $2.06.


Industrias BachocoB de CV Net Income Historical Data

The historical data trend for Industrias BachocoB de CV'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.

Industrias BachocoB de CV Net Income Chart

Industrias BachocoB de CV Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 170.61 170.73 197.85 246.93 313.61

Industrias BachocoB de CV Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 48.33 2.13 26.43 68.25 103.07

Industrias BachocoB de CV 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

Industrias BachocoB de CV's Net Income for the fiscal year that ended in Dec. 2022 is calculated as

Net Income(A: Dec. 2022 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=414.658+-104.451+0+3.404
=314

Industrias BachocoB de CV's Net Income for the quarter that ended in Sep. 2023 is calculated as

Net Income(Q: Sep. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=138.493+-35.99+0+0.56300000000002
=103

Net Income for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $200 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.


Industrias BachocoB de CV  (OTCPK:IBAAY) 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:

Industrias BachocoB de CV's Earnings per Share (Diluted) (EPS) for the quarter that ended in Sep. 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.


Industrias BachocoB de CV Net Income Related Terms

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Industrias BachocoB de CV (Industrias BachocoB de CV) Business Description

Traded in Other Exchanges
Address
Avenida Tecnologico 401, Ciudad Industrial, Celaya, GTO, MEX, 38010
Industrias Bachoco SAB de CV produces, processes, markets, and sells poultry (chicken and eggs) in both Mexico and the United States. Additionally, it sells feed, swine, beef, turkey, and other products on a smaller scale. The company's poultry business begins with purchasing infant birds and raising the birds to maturity. Industrias Bachoco operates its own feed mills to produce balanced feed for internal use, and to sell to third parties. Several production facilities and distribution centers are located throughout Mexico and the United States to minimize transportation costs, and the company sells through wholesalers, supermarkets, retail, and other niche marketing channels. It generates the majority of its revenue from the Poultry segment.

Industrias BachocoB de CV (Industrias BachocoB de CV) Headlines

From GuruFocus

Industrias Bachoco Announces Form 20-F Filing with the SEC

By Business Wire Business Wire 04-29-2021

Bachoco Announces Purchase of Block of Shares

By Business Wire Business Wire 03-17-2023

Bachoco Is a True Value Stock

By Holmes Osborne, CFA 11-19-2021

Bachoco Reaches an Agreement to Acquire Norson, in Mexico

By Business Wire Business Wire 12-02-2022

Tweedy Browne Comments on Industrias Bachoco

By Sydnee Gatewood 11-03-2021

Tweedy Browne's 3rd-Quarter Commentary

By Sydnee Gatewood 11-03-2021

Bachoco Reaches Acquisition Agreement of RYC Alimentos, in Mexico

By Business Wire Business Wire 12-14-2021

Bachoco Announces Results of the Offering for its Shares

By Business Wire Business Wire 11-07-2022