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Miton UK MicroCap Trust (LSE:MINI) Net Income : £-9.75 Mil (TTM As of Oct. 2023)


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What is Miton UK MicroCap Trust 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. Miton UK MicroCap Trust's Net Income for the six months ended in Oct. 2023 was £-9.41 Mil. Its Net Income for the trailing twelve months (TTM) ended in Oct. 2023 was £-9.75 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Miton UK MicroCap Trust's Earnings per Share (Diluted) for the six months ended in Oct. 2023 was £-0.10.


Miton UK MicroCap Trust Net Income Historical Data

The historical data trend for Miton UK MicroCap Trust'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.

Miton UK MicroCap Trust Net Income Chart

Miton UK MicroCap Trust Annual Data
Trend Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Net Income
Get a 7-Day Free Trial -19.68 -6.66 60.23 -15.10 -28.07

Miton UK MicroCap Trust Semi-Annual Data
Oct15 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 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 -8.96 -6.14 -27.73 -0.34 -9.41

Miton UK MicroCap Trust 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

Miton UK MicroCap Trust's Net Income for the fiscal year that ended in Apr. 2023 is calculated as

Net Income(A: Apr. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-28.054+-0.018+0+0
=-28.07

Miton UK MicroCap Trust'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
=-9.414+0.004+0+0
=-9.41

Net Income for the trailing twelve months (TTM) ended in Oct. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-9.75 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.


Miton UK MicroCap Trust  (LSE:MINI) 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:

Miton UK MicroCap Trust'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.


Miton UK MicroCap Trust Net Income Related Terms

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Miton UK MicroCap Trust (LSE:MINI) Business Description

Traded in Other Exchanges
N/A
Address
51 New North Road, Beaufort House, Exeter, GBR, EX4 4EP
Miton UK MicroCap Trust PLC is an investment trust company. It invests in a portfolio of UK-quoted companies to achieve capital growth by investing in a portfolio of stocks that are well placed to generate an attractive cash payback from productivity improvements. The company's only operating segment is the investment business. It invests in a sector such as Utilities, Consumer Services, Consumer Goods, Health Care, Basic Materials, Financial Services, Oil and Gas, Industrials, and Technology.

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