Comprehensive Income is a more accurate representation of a company's financial health than net income. It includes all changes in a company's net assets, both from owner and non-owner sources. This makes it a more complete measure of how well the company is doing financially.Comprehensive income can be used to track trends in a company's finances over time. For example, if comprehensive income is increasing each year, this may indicate that the company is becoming more profitable. Conversely, if comprehensive income is decreasing each year, this may suggest that the company is becoming less successful financially.Comprehensive income can also be used to compare companies with different ownership structures. For example, you can use it to compare a publically traded company with one that is privately held. This can give you insights into which type of ownership structure leads to better financial performance.
