World Acceptance Corp  (WRLD)
Other Ticker:  
Price: $126.3800 $-1.26 -0.987%
Day's High: $128.805 Week Perf: -4.53 %
Day's Low: $ 124.49 30 Day Perf: -11.42 %
Volume (M): 43 52 Wk High: $ 160.08
Volume (M$): $ 5,460 52 Wk Avg: $118.59
Open: $125.29 52 Wk Low: $75.19

 Market Capitalization (Millions $) 741
 Shares Outstanding (Millions) 6
 Employees 3,345
 Revenues (TTM) (Millions $) 575
 Net Income (TTM) (Millions $) 68
 Cash Flow (TTM) (Millions $) -8
 Capital Exp. (TTM) (Millions $) 6

World Acceptance Corp

The Company is one of the nations largest small-loan consumer finance companies, offering short-term small installment loans, medium-term larger installment loans, related credit insurance and ancillary products and services to individuals. The Company offers standardized installment loans generally between $300 and $4,000 through 1,339 branches in Alabama, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Texas, Tennessee, Wisconsin and Mexico. The Company generally serves individuals with limited access to other sources of consumer credit, such as banks, credit unions, other consumer finance businesses and credit card lenders. In our U.S. branches, the Company also offers income tax return preparation services to its loan customers and other individuals.

The small-loan consumer finance industry is a highly fragmented segment of the consumer lending industry. Small-loan consumer finance companies generally make loans to individuals of less than $2,000 with maturities of 18 months or less. These companies approve loans on the basis of the personal creditworthiness of their customers and maintain close contact with borrowers to encourage the repayment or, when appropriate to meet the borrower’s needs, the refinancing of loans. By contrast, commercial banks, credit unions and other consumer finance businesses typically make loans of more than $5,000 with maturities of more than one year. Those financial institutions generally approve consumer loans on the security of qualifying personal property pledged as collateral or impose more stringent credit requirements than those of small-loan consumer finance companies. As a result of their higher credit standards and specific collateral requirements, commercial banks, savings and loans and other consumer finance businesses typically charge lower interest rates and fees and experience lower delinquency and charge-off rates than do small-loan consumer finance companies. Small-loan consumer finance companies generally charge higher interest rates and fees to compensate for the greater credit risk of delinquencies and charge-offs and increased loan administration and collection costs.

The majority of the participants in the industry are independent operators with generally less than 100 branches. We believe that competition between small-loan consumer finance companies occurs primarily on the basis of the strength of customer relationships, customer service and reputation in the local community rather than pricing, as participants in this industry generally charge interest rates and fees at, or close to, the maximum permitted by applicable state laws. We believe that our relatively large size affords us a competitive advantage over smaller companies by increasing our access to, and reducing our cost of, capital.
Small-loan consumer finance companies are subject to extensive regulation, supervision and licensing under various federal and state statutes, ordinances and regulations. Consumer loan offices are licensed under state laws, which, in many states, establish maximum loan amounts and interest rates and the types and maximum amounts of fees and other charges. In addition, state laws govern other aspects of the operation of small-loan consumer finance companies. Periodically, constituencies within states seek to enact stricter regulations that would affect our business. Furthermore, the industry is subject to numerous federal laws and regulations that affect lending operations. These federal laws require companies to provide complete disclosure of the principal terms of each loan to the borrower in accordance with specified standards prior to the consummation of the loan transaction. Federal laws also prohibit misleading advertising, protect against discriminatory lending practices and proscribe unfair, deceptive or abusive credit practices.

The Company seeks to provide short-term consumer installment loans to the segment of the population that has limited access to other sources of credit. In evaluating the creditworthiness of potential customers, the Company primarily examines the individuals discretionary income, length of current employment and/or sources of income, duration of residence and prior credit experience. Loans are made to individuals on the basis of their discretionary income and other factors and are limited to amounts we believe that customers can reasonably be expected to repay from that income given our assessment of their stability, ability and willingness to pay. All loan applicants are required to complete standardized credit applications in person or by telephone at local Company branches. Each of the Companys local branches are equipped to perform rapid background, employment and credit checks and approve loan applications promptly, often while the customer waits. The Companys employees verify the applicants sources of income and credit histories through telephone checks with employers, other employment references and verification with various credit bureaus. Substantially all new customers are required to submit a listing of personal property that will serve as collateral to secure the loan, but the Company does not rely on the value of such collateral in the loan approval process and generally does not perfect its security interest in that collateral. Accordingly, if the customer were to default in the repayment of the loan, the Company may not be able to recover the outstanding loan balance by resorting to the sale of collateral.

The Company believes that development and continual reinforcement of personal relationships with customers improve the Companys ability to monitor their creditworthiness, reduce credit risk and generate customer loyalty. It is not unusual for the Company to have made a number of loans to the same customer over the course of several years, many of which were refinanced with a new loan after the borrower had reduced the existing loans outstanding balance by making multiple payments. In determining whether to refinance existing loans, the Company typically requires loans to be current on a recency basis, and repeat customers are generally required to complete a new credit application if they have not completed one within the prior two years.

The Company allows refinancing of delinquent loans on a case-by-case basis for those customers who otherwise satisfy the Companys credit standards. Each such refinancing is carefully examined before approval in an effort to avoid increasing credit risk. A delinquent loan may generally be refinanced only if the customer has made payments which, together with any credits of insurance premiums or other charges to which the customer is entitled in connection with the refinancing, reduce the balance due on the loan to an amount equal to or less than the original cash advance made in connection with the loan. The Company does not allow the amount of the new loan to exceed the original amount of the existing loan. The Company believes that refinancing delinquent loans for certain customers who have made periodic payments allows the Company to increase its average loans outstanding and its interest, fees and other income without experiencing a significant increase in loan losses.

To reduce late payment risk, local branch staff encourage customers to inform the Company in advance of expected payment problems. Local branch staff also promptly contact delinquent customers following any payment due date and thereafter remain in close contact with such customers through phone calls or letters until payment is received or some other resolution is reached. Company employees are instructed not to accept payment outside of the Companys branches except in unusual circumstances. In Georgia, Oklahoma, Illinois, Missouri, Tennessee, Alabama, Louisiana, New Mexico, Wisconsin, Kentucky, Indiana and Idaho the Company is permitted under state laws to garnish customers wages for repayment of loans, but the Company does not otherwise generally resort to litigation for collection purposes, and rarely attempts to foreclose on collateral.

The Company has a wholly-owned, captive insurance subsidiary that reinsures a portion of the credit insurance sold in connection with loans made by the Company. Certain coverages currently sold by the Company on behalf of the unaffiliated insurance carrier are ceded by the carrier to the captive insurance subsidiary, providing the Company with an additional source of income derived from the earned reinsurance premiums.

   Company Address: 104 S Main Street Greenville, 29601 SC
   Company Phone Number: 298-9800   Stock Exchange / Ticker: NASDAQ WRLD

Customers recorded net loss Customers recorded net loss

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


Stock Performances by Major Competitors

5 Days Decrease / Increase
LC   -1.42%    
BAC        1.18% 
VRTC        1.18% 
• View Complete Report

World Acceptance Corp

World Acceptance Corp's Revenue Recedes in Single Digits during Q3 2024 Earnings Season, but Strong Earnings Per Share Showcases Growth Potential

World Acceptance Corporation (NASDAQ: WRLD) recently released its financial results for the third quarter of fiscal 2024, and the numbers are certainly worth analyzing. Despite a decrease in revenue, the company managed to significantly increase its earnings per share, showcasing strong profitability and growth potential.
Income per share more than doubled by 189.8% to $2.84 per share, a notable improvement from the previous reporting period. Additionally, net earnings saw an impressive increase of 189.37% from the same period a year ago, reaching $16.665 million in the most recent fiscal period. These numbers reflect the company's ability to navigate through challenging market conditions and drive profitability.

World Acceptance Corp

World Acceptance Corp's Revenue Takes a Hit, But Strong Earnings Boost Confidence for Investors

World Acceptance Corp, a leading provider of consumer loans, announced its most recent fiscal period as a lucrative one, despite facing a decrease in revenue. The company witnessed a noteworthy improvement in earnings, with positive net income of $2.71 per share, compared to a shortfall of $-0.24 per share in the same period last year. However, revenue declined by approximately 9.49% to $136.88 million from $151.23 million, compared to the prior year's Q2 figures.
In the preceding reporting season, World Acceptance Corp generated revenue of $139.32 million with a bottom line of $1.62 per share. The company's latest financial results mark a substantial step forward, reporting a net income of $16.082 million in the second quarter of the 2024 earnings season, compared to a net shortfall of $-1.366 million during the same period a year ago.

World Acceptance Corp

World Acceptance Corp Bounces Back: Turns Red into Black with Positive Income in 2024 Q1 Fiscal Report

World Acceptance Corp, a consumer financial services company, recently announced its fiscal first-quarter earnings for 2024. In a positive turn, the company reported earnings of $1.62 per share, compared to a loss of $1.53 per share in the same period the previous year. However, profit plummeted by a significant 62.93% from $4.37 per share in the previous reporting season.
The company's revenue also experienced a noticeable decline, receding extensively by 11.594% to $139.32 million from $157.59 million in the corresponding reporting season a year ago. Sequentially, the revenue deteriorated by 13.376% from $160.84 million. This fall in the top-line stands in strong contrast to the rest of the Consumer Financial Services sector, which recorded a revenue gain during the same period.

World Acceptance Corporation

World Acceptance Corporation Triumphs in 2023! Spectacular 289.91% Earnings Growth and an Impressive 8.255% Revenue Jump in Q4 Unveiled!

In analyzing the financial results of World Acceptance Corporation, it is clear that the company has experienced both growth and setbacks in the financial year 2023. The company recorded a revenue per employee growth on a trailing twelve months basis to $184,202, with an increase of 8.26% in the Q4 2023 year on year, thus recording cumulative revenue of $616 million. The productivity of the company's employees stood at 6.4048612130296E-7%, above the company average, and the company has a workforce of 3,345 employees.
Comparing World Acceptance to other peer companies in the financial sector, it appears that the company has some work to do in improving its employee revenue per employee metric. Eight other companies achieved a higher revenue per employee than World Acceptance. Additionally, the company's overall ranking deteriorated compared to the third quarter of 2023, from 8th position.


World Acceptance's Segments
• View Complete Report


About us


CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com