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Tuscany Energy (Tuscany Energy) Net Income : $-7.74 Mil (TTM As of Mar. 2016)


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What is Tuscany Energy 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. Tuscany Energy's Net Income for the three months ended in Mar. 2016 was $-3.98 Mil. Its Net Income for the trailing twelve months (TTM) ended in Mar. 2016 was $-7.74 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Tuscany Energy's Earnings per Share (Diluted) for the three months ended in Mar. 2016 was $-0.08.


Tuscany Energy Net Income Historical Data

The historical data trend for Tuscany Energy'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.

Tuscany Energy Net Income Chart

Tuscany Energy Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.98 -0.37 -2.79 -4.41 -4.79

Tuscany Energy Quarterly Data
Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16
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 -1.22 -0.21 -1.87 -1.68 -3.98

Tuscany Energy 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

Tuscany Energy's Net Income for the fiscal year that ended in Dec. 2015 is calculated as

Net Income(A: Dec. 2015 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-4.977+0.183+0+8.8817841970013E-16
=-4.79

Tuscany Energy's Net Income for the quarter that ended in Mar. 2016 is calculated as

Net Income(Q: Mar. 2016 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-3.979+0+0+0
=-3.98

Net Income for the trailing twelve months (TTM) ended in Mar. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-7.74 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.


Tuscany Energy  (OTCPK:TSCAF) 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:

Tuscany Energy's Earnings per Share (Diluted) (EPS) for the quarter that ended in Mar. 2016 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.


Tuscany Energy Net Income Related Terms

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Tuscany Energy (Tuscany Energy) Business Description

Traded in Other Exchanges
N/A
Address
1800, 633 – 6th Avenue South West, Calgary, AB, CAN, T2P 2Y5
Tuscany Energy Ltd is a heavy oil development and production company with reserves, land holdings and production in Canada. Its is engaged in the exploitation of oil resources in Alberta and Saskatchewan through horizontal drilling.

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