Nano Magic (Nano Magic) Net Margin % : -118.66% (As of Dec. 2023)

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What is Nano Magic Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Nano Magic's Net Income for the three months ended in Dec. 2023 was $-0.85 Mil. Nano Magic's Revenue for the three months ended in Dec. 2023 was $0.72 Mil. Therefore, Nano Magic's net margin for the quarter that ended in Dec. 2023 was -118.66%.

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

NMGX' s Net Margin % Range Over the Past 10 Years
Min: -102.66 Med: -21.56 Max: 0.49
Current: -102.66

NMGX's Net Margin % is ranked worse than
96.54% of 1531 companies
in the Chemicals industry
Industry Median: 4.02 vs NMGX: -102.66

Nano Magic Net Margin % Historical Data

The historical data trend for Nano Magic'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.

Nano Magic Net Margin % Chart

Nano Magic Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Margin %

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-39.61

-16.41

-36.52

-81.57

-102.66

Nano Magic Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Net Margin %	Get a 7-Day Free Trial															-105.94	-93.69	-91.82	-106.38	-118.66

Competitive Comparison of Nano Magic's Net Margin %

For the Specialty Chemicals subindustry, Nano Magic'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.

Nano Magic's Net Margin % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nano Magic's Net Margin % distribution charts can be found below:

* The bar in red indicates where Nano Magic's Net Margin % falls into.

Nano Magic 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.

Nano Magic'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 )
	=	-2.856	/	2.782
	=	-102.66 %

Nano Magic'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 )
	=	-0.852	/	0.718
	=	-118.66 %

Nano Magic (OTCPK:NMGX) 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.

Nano Magic Net Margin % Related Terms

Thank you for viewing the detailed overview of Nano Magic's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Nano Magic (Nano Magic) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nano Magic Inc (OTCPK:NMGX) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

31601 Research Park Drive, Madison Heights, MI, USA, 48071

Website

https://www.nanomagic.com

Nano Magic Inc is engaged in the marketing and sale of products enabled by nanotechnology. It develops and sells products based on its portfolio of intellectual property and its products include a portfolio of nano-layer coatings, nano-based cleaners, printable inks, pastes, and thermal management materials. Its products can be used on eyeglasses, extreme sport and safety glasses and goggles, electronic screens, windows, mirrors, shower doors, and cleaning everyday household surfaces.

Executives

Scott E. Rickert	director, 10 percent owner, officer: CEO, President & Chairman	431 FAIRWAY DR, SUITE 200, DEERFIELD BEACH FL 33441
Jeanne M Rickert	director, officer: Chief Legal Officer	431 FAIRWAY DR, SUITE 200, DEERFIELD BEACH FL 33441
Ronald J Berman	director	701 BRICKELL AVENUE, SUITE 1550, MIAMI FL 33131
Raymond William Gunn	director	56420 NEWPORT DRIVE, SHELBY TOWNSHIP MI 48316
David M Sherbin	director	4181 AO SOUTHMOOR LANE, WEST BLOOMFIELD MI 48323
Miles Geoffrey Gatland	director	1110 ISLAND DRIVE, COMMERCE TOWNSHIP MI 48382
Lara O'connor Hodgson	director	8 HABERSHAM PARK, ATLANTA GA 30305
Magic Growth 2 Llc	10 percent owner	31601 RESEARCH PARK DRIVE, MADISON HEIGHTS MI 48071
Magic Growth Llc	10 percent owner	750 DENISON COURT, BLOOMFIELD HILLS MI 48302
Tom J. Berman	director, officer: President	750 DENISON COURT, BLOOMFIELD HILLS MI 48302
John Todd Lunsford	director	4971 CHERRY BLOSSOM CIRCLE, WEST BLOOMFIELD MI 48324
Leandro Vera	officer: CFO	11271 N ROCKING R RD., HAYDEN ID 83835
Jacqueline M Soptick	officer: Chief Accounting Officer	3006 LONGHORN BLVD, STE 107, AUSTIN TX 78732
Pen Comeback 2, Llc	10 percent owner	750 DENISON COURT, BLOOMFIELD HILLS MI 48302
Pen Comeback, Llc	10 percent owner	750 DENISON COURT, BLOOMFIELD HILLS MI 48302