Persistence Resources Group (HKSE:02489) Net Margin % : 14.86% (As of Dec. 2023)

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What is Persistence Resources Group Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Persistence Resources Group's Net Income for the six months ended in Dec. 2023 was HK$30.4 Mil. Persistence Resources Group's Revenue for the six months ended in Dec. 2023 was HK$204.3 Mil. Therefore, Persistence Resources Group's net margin for the quarter that ended in Dec. 2023 was 14.86%.

The historical rank and industry rank for Persistence Resources Group's Net Margin % or its related term are showing as below:

HKSE:02489' s Net Margin % Range Over the Past 10 Years
Min: 16.79 Med: 18.43 Max: 22.83
Current: 16.96

HKSE:02489's Net Margin % is ranked better than
86.4% of 860 companies
in the Metals & Mining industry
Industry Median: -0.065 vs HKSE:02489: 16.96

Persistence Resources Group Net Margin % Historical Data

The historical data trend for Persistence Resources Group's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Persistence Resources Group Net Margin % Chart

Persistence Resources Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Net Margin %

22.83

16.79

19.89

16.96

Persistence Resources Group Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Net Margin %	Get a 7-Day Free Trial			-	23.67	15.80	18.95	14.86

Competitive Comparison of Persistence Resources Group's Net Margin %

For the Gold subindustry, Persistence Resources Group's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Persistence Resources Group's Net Margin % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Persistence Resources Group's Net Margin % distribution charts can be found below:

* The bar in red indicates where Persistence Resources Group's Net Margin % falls into.

Persistence Resources Group Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Persistence Resources Group's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	71.123	/	419.424
	=	16.96 %

Persistence Resources Group's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	30.368	/	204.322
	=	14.86 %

Persistence Resources Group (HKSE:02489) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

Persistence Resources Group Net Margin % Related Terms

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Persistence Resources Group (HKSE:02489) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Persistence Resources Group Ltd (HKSE:02489) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

199 Des Voeux Road Centra, Level 20, Infinitus Plaza, Hong Kong, HKG

Website

http://www.persistenceresource.com

Persistence Resources Group Ltd is a gold exploration, mining and processing company. It operates the Songjiagou Open-Pit Mine and Songjiagou Underground Mine in Yantai city of Shandong Province of China. The group has one reportable operating segment which is mining and processing gold that is ultimately sold as gold bullion.

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