The general definition of "annual basis" would be something like "per year." Most companies and investment firms provide details about earnings for different periods of time. Most commonly, these figures get reported on either a quarterly basis or an annual basis.
Quarterly refers to a three-month period (you're cutting up the 12-month year into four equal parts, or three months each). The annual basis covers the full year, though sometimes the year being covered isn't the January to December one we're used to. Companies can set their fiscal year to start on any date that suits their business. So you'll often find companies ending their year in months other than December.
For example, retailers often run their fiscal years to the end at the end of January. That way, they have more time to process post-Christmas shopping in their returns for that year.
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Finance: What are a 10K and 10Q?57 Views
finance a la shmoop what are 10K and 10Q filings well as the pros say 10Q
very much yeah you know we had to go there sorry well they're just filings a [Girl filing her fingernails]
different kind of filings legal filings papers or data
well the 10K is the annual report and the 10Q is the quarterly report their
note the Q in there yeah very clever naming their people well we have no idea
why the K is there like shouldn't it have been a 10A fling equals annual
anyway the filings contain the key elements that report to shareholders the [Man giving presentation to shareholders]
progress or lack thereof that the company has made in the period it's
reporting and these apply to public companies people privates don't
necessarily file... well the K the Q have to contain an updated income statement [Income statement, balance sheet and cash flow statement appear]
balance sheet and cash flow statement along with tons of notes on whatever
business metrics the company regularly reports the number of people made sick
by the lemonade the number a coal miner Barbies sold the number of Disney cruise
passengers infected with Legionnaires disease and so on and if you're the CEO [Person puking off the edge of a cruise ship]
or CFO of the company and you don't get your filings in on time well you'll be
doing a different kind of filing so yeah 10K, 10Q they're really important
don't ignore them...
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