Source Capital (Source Capital) Net Margin % : 98.04% (As of Dec. 2023)

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What is Source Capital Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Source Capital's Net Income for the six months ended in Dec. 2023 was $23.52 Mil. Source Capital's Revenue for the six months ended in Dec. 2023 was $23.99 Mil. Therefore, Source Capital's net margin for the quarter that ended in Dec. 2023 was 98.04%.

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

SOR' s Net Margin % Range Over the Past 10 Years
Min: 94.56 Med: 98.28 Max: 104.02
Current: 98.29

SOR's Net Margin % is ranked better than
73.82% of 1669 companies
in the Asset Management industry
Industry Median: 86.04 vs SOR: 98.29

Source Capital Net Margin % Historical Data

The historical data trend for Source Capital'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.

Source Capital Net Margin % Chart

Source Capital Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Margin %

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98.39

94.56

97.93

104.02

98.28

Source Capital Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Net Margin %	Get a 7-Day Free Trial								93.16	101.26	94.47	98.48	98.04

Competitive Comparison of Source Capital's Net Margin %

For the Asset Management subindustry, Source Capital'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.

Source Capital's Net Margin % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Source Capital's Net Margin % distribution charts can be found below:

* The bar in red indicates where Source Capital's Net Margin % falls into.

Source Capital 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.

Source Capital'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 )
	=	53.639	/	54.575
	=	98.28 %

Source Capital'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 )
	=	23.522	/	23.992
	=	98.04 %

Source Capital (NYSE:SOR) 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.

Source Capital Net Margin % Related Terms

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Source Capital (Source Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Source Capital Inc (NYSE:SOR) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

11601 Wilshire Boulevard, Suite 1200, Los Angeles, CA, USA, 90025

Website

https://www.fpa.com

Source Capital Inc is a diversified, closed-end management investment company. The investment objective of the company is to seek maximum total return for Common shareholders from both capital appreciation and investment income to the extent consistent with the protection of invested capital. Its investment portfolio includes a wide range of securities with a primary emphasis on common stock.

Executives

Korey Bauer	officer: Vice President	2220 E. ROUTE 66, SUITE 226, GLENDORA CA 91740
Martin Dziura	officer: Chief Compliance Officer	309 WOODRIDGE LANE, MEDIA PA 19063
Rita Dam	officer: Treasurer	2220 EAST ROUTE 66, SUITE 226, GLENDORA CA 91740
Lyna Phan	officer: Assistant Treasurer	2220 EAST ROUTE 66, SUITE 226, GLENDORA CA 91740
Diane J Drake	officer: Secretary	2220 E. ROUTE 66, SUITE 226, GLENDORA CA 91740
Max Banhazl	officer: Vice President	2220 E. ROUTE 66, SUITE 226, GLENDORA CA 91740
Amy Centurioni	officer: Assistant Secretary	2220 E. ROUTE 66, SUITE 226, GLENDORA CA 91740
John Zader	director	11601 WISHIRE BOULEVARD, SUITE 1200, LOS ANGELES CA 90025
Maureen A Quill	director	11601 WILSHIRE BOULEVARD, SUITE 1200, LOS ANGELES CA 90025
Brian A. Selmo	other: Officer of inv co's inv adv	11400 W. OLYMPIC BLVD., STE. 1200, LOS ANGELES CA 90064
Mark L. Lipson	director	100 WILSHIRE BOULEVARD, SUITE 1200, SANTA MONICA CA 90401
Ryan A. Leggio	other: Officer of inv co's inv adv	11601 WILSHIRE BLVD, SUITE 1200, LOS ANGELES CA 90025
Robert F Goldrich	director	LEON LEVY FOUNDATION, ONE ROCKEFELLER PLAZA, 20TH FLOOR, NEW YORK NY 10020
Thomas H Atteberry	other: partner of inv co's inv adv	11400 W OLYMPIC BLVD, STE 1200, LOS ANGELES CA 90064
Mark Landecker	other: Officer of inv co's inv adv	11400 W. OLYMPIC BLVD., STE. 1200, LOS ANGELES CA 90064