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Nicholas Financial Inc  (NICK)
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Nicholas Financial Inc's

Competitiveness


 

NICK Sales vs. its Competitors Q2 2020



Comparing the results to its competitors, Nicholas Financial Inc reported Total Revenue decrease in the 2 quarter 2020 year on year by -14.96 %, faster than overall decrease of Nicholas Financial Inc's competitors by -29.05 %, recorded in the same quarter.

List of NICK Competitors

With net margin of 10.11 % company achieved higher profitability than its competitors.

More on NICK Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Nicholas Financial Inc Net Income in the 2 quarter 2020 grew year on year by 141.96 %, while most of its competitors have experienced contraction in net income

<<  More on NICK Income Comparisons


Nicholas Financial Inc's Comment on Competitors and Industry Peers


The consumer finance industry is highly fragmented and highly competitive. Due to various factors, including the existing low interest rate environment, the competitiveness of the industry continues to increase as new competitors continue to enter the market and certain existing competitors continue to expand their operations. There are numerous financial service companies that provide consumer credit in the markets served by the Company, including banks, credit unions, other consumer finance companies, and captive finance companies owned by automobile manufacturers and retailers. Many of these companies have significantly greater resources than the Company. Increased competition for the purchase of Contracts has caused a reduction in the interest rates payable by many individual purchasers of automobiles, and the Company believes that continued increased competition could materially reduce such interest rates in the foreseeable future. In addition, increased competition for the purchase of Contracts has enabled automobile dealers to shop for the best price, thereby giving rise to an erosion in the dealer discounts from the initial principal amounts at which the Company is willing to purchase Contracts and higher advance rates.





  

Total Segment Market Share Q2 2020

overall company, revenue fell by -14.96 % and company lost market share, to approximate 0.08 %.





<<  More on NICK Market Share.
 

*Market share is not actual measurement, only performance comparison of companies which report and operate within the same segment.


NICK's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME TICKER MARKET CAP REVENUES INCOME EMPLOYEES
Nicholas Financial Inc NICK 67 60 4 333
General Electric Co GE 55,606 84,253 -4,560 305,000
Huntington Bancshares Inc HBAN 10,044 3,745 887 11,873
Cit Group Inc CIT 2,001 1,989 326 3,360
Ford Motor Credit Co Llc F1 0 26,690 1,440 6,800
Paccar Inc PCAR 31,056 20,708 1,646 23,000
Orix Corp IX 79,960 21,203 2,852 33,333
Capital one financial corp COF 30,832 15,321 177 46,000
Ford Motor Co F 28,236 130,396 -2,124 187,000
Mint Leasing Inc MLES 0 0 0 17
American International Group Inc AIG 26,204 48,568 -4,270 65,000
Ally Financial Inc ALLY 8,352 6,405 1,582 7,100
Avangard Capital Group, Inc AVGC 0 0 0 1
Credit Acceptance Corp CACC 9,201 1,560 340 1,425
Consumer Portfolio Services Inc CPSS 78 309 16 935
Leaf Group Ltd LEAF 146 169 -20 0
Santander Consumer Usa Holdings Inc SC 5,809 12,464 278 5,100
Toyota Motor Credit Corporation TM 387,602 6,008 -86 348,877
SUBTOTAL 675,195 379,848 -1,512 1,045,154


       
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