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Merafe Resources (JSE:MRF) Net Margin % : 15.73% (As of Dec. 2023)


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What is Merafe Resources Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Merafe Resources's Net Income for the six months ended in Dec. 2023 was R704 Mil. Merafe Resources's Revenue for the six months ended in Dec. 2023 was R4,478 Mil. Therefore, Merafe Resources's net margin for the quarter that ended in Dec. 2023 was 15.73%.

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

JSE:MRF' s Net Margin % Range Over the Past 10 Years
Min: -25.32   Med: 10.77   Max: 20.76
Current: 18.97


JSE:MRF's Net Margin % is ranked better than
88.11% of 858 companies
in the Metals & Mining industry
Industry Median: -0.02 vs JSE:MRF: 18.97

Merafe Resources Net Margin % Historical Data

The historical data trend for Merafe Resources'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.

* Premium members only.

Merafe Resources Net Margin % Chart

Merafe Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -25.32 -20.98 20.76 17.77 18.97

Merafe Resources Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.43 21.55 13.31 22.01 15.73

Competitive Comparison of Merafe Resources's Net Margin %

For the Other Industrial Metals & Mining subindustry, Merafe Resources'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.


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

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

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



Merafe Resources 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.

Merafe Resources'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 )
=1752.964/9242.341
=18.97 %

Merafe Resources'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 )
=704.277/4477.924
=15.73 %

* 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.


Merafe Resources  (JSE:MRF) 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.


Merafe Resources Net Margin % Related Terms

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Merafe Resources (JSE:MRF) Business Description

Traded in Other Exchanges
Address
35 Ballyclare Drive, Building B, 2nd floor, Ballyoaks Office Park, Bryanston, ZAF, 2191
Merafe Resources Ltd through its wholly-owned subsidiary, Merafe Ferrochrome and Mining Proprietary Limited, participates in chrome mining and the beneficiation of chrome ore into ferrochrome. The Glencore-Merafe Chrome Venture (Venture) operates five ferrochrome smelters, twenty-two ferrochrome furnaces, and nine mines, situated in the North-West, Limpopo, and Mpumalanga provinces of South Africa. The company has operating mines namely, Waterval mine; Marikana West; and Kroondal Gemini. The Group has one reportable segment being the mining and beneficiation of chrome ore into ferrochrome and associated minerals.

Merafe Resources (JSE:MRF) Headlines