On this page of StockholderLetter.com we present the latest annual shareholder letter from WORLD ACCEPTANCE CORP — ticker symbol WRLD. Reading current and past WRLD letters to shareholders can bring important insights into the investment thesis.

 •  7/22/2024 Letter Continued (Full PDF)
 •  7/17/2023 WRLD Stockholder Letter
 •  More "Credit Services & Lending" Category Stockholder Letters
 •  WRLD Benford's Law Stock Score = 77

WRLD Shareholder/Stockholder Letter Transcript:

2024
Annual
Report


COMPANY PROFILE
WORLD ACCEPTANCE CORPORATION (   World   ), which has continuously operated since 1962, is one of the
largest small-loan consumer finance companies in the United States, helping over one million customers to unlock their    financial
good    annually. World works with its customers to help improve financial wellness while meeting an immediate financial need,
celebrating the hundreds of thousands of customers who are able to improve their credit each year. Headquartered in Greenville,
South Carolina, World offers the strength and technology of a national financial institution with personalized assistance through
its local neighborhood branch network of over 1,000 branches. World is proudly rooted in the communities it serves and sets
itself apart as a true financial partner offering an ever-expanding menu of customer-focused services and a commitment to
teamwork, community, and care.
World emphasizes quality service and the building of strong personal relationships with its customers. As a result, a
substantial portion of World's new customers are from customer referrals. World's loans are generally under $6,000 (avg. $2,118)
with maturities of less than 27 months (avg. 19 months).
As of July 10, 2024, World operates 1,047 offices in Alabama, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana,
Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Tennessee, Texas, Utah, and Wisconsin.
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TABLE OF CONTENTS
Item No. Contents
1.
1A.
1B.
1C.
2.
3.
4.
Page
PART I
Business
Risk Factors
Unresolved Staff Comments
Cybersecurity
Properties
Legal Proceedings
Mine Safety Disclosures
5
15
30
30
31
31
32
PART II
5.
Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
Securities
32
6.
7.
[Reserved]
Management's Discussion and Analysis of Financial Condition and Results of Operations
34
34
Quantitative and Qualitative Disclosures About Market Risk
42
8.
Financial Statements and Supplementary Data
43
9.
Changes in and Disagreements With Accountants on Accounting and Financial Disclosure
81
Controls and Procedures
Other Information
Disclosure Regarding Foreign Jurisdictions that Prevent Inspections
81
82
82
7A.
9A.
9B.
9C.
10.
11.
PART III
Directors, Executive Officers and Corporate Governance
Executive Compensation
82
83
12.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
83
13.
Certain Relationships and Related Transactions, and Director Independence
83
14.
Principal Accountant Fees and Services
84
15.
16.
PART IV
Exhibits and Financial Statement Schedules
Form 10-K Summary
84
84
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 7/22/2024 Letter Continued (Full PDF)