GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Renxin New Material Co Ltd (SZSE:301395) » Definitions » Net Margin %

Renxin New Material Co (SZSE:301395) Net Margin % : 1.69% (As of Mar. 2024)


View and export this data going back to 2023. Start your Free Trial

What is Renxin New Material Co Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Renxin New Material Co's Net Income for the three months ended in Mar. 2024 was ¥8 Mil. Renxin New Material Co's Revenue for the three months ended in Mar. 2024 was ¥447 Mil. Therefore, Renxin New Material Co's net margin for the quarter that ended in Mar. 2024 was 1.69%.

The historical rank and industry rank for Renxin New Material Co's Net Margin % or its related term are showing as below:

SZSE:301395' s Net Margin % Range Over the Past 10 Years
Min: 1.75   Med: 4.42   Max: 15.24
Current: 2.45


SZSE:301395's Net Margin % is ranked worse than
61.9% of 1530 companies
in the Chemicals industry
Industry Median: 4.105 vs SZSE:301395: 2.45

Renxin New Material Co Net Margin % Historical Data

The historical data trend for Renxin New Material Co'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.

Renxin New Material Co Net Margin % Chart

Renxin New Material Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
Get a 7-Day Free Trial 8.81 15.24 7.90 3.85 2.82

Renxin New Material Co Quarterly Data
Dec16 Dec17 Dec18 Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3.27 1.49 0.63 6.06 1.69

Competitive Comparison of Renxin New Material Co's Net Margin %

For the Chemicals subindustry, Renxin New Material Co'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.


Renxin New Material Co's Net Margin % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Renxin New Material Co's Net Margin % distribution charts can be found below:

* The bar in red indicates where Renxin New Material Co's Net Margin % falls into.



Renxin New Material Co 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.

Renxin New Material Co'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 )
=55.792/1978.62
=2.82 %

Renxin New Material Co's Net Margin for the quarter that ended in Mar. 2024 is calculated as

Net Margin=Net Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=7.544/446.688
=1.69 %

* 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.


Renxin New Material Co  (SZSE:301395) 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.


Renxin New Material Co Net Margin % Related Terms

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


Renxin New Material Co (SZSE:301395) Business Description

Traded in Other Exchanges
N/A
Address
No. 28, Xiayong Petrochemical Avenue Middle, Daya Bay, Guangdong, Huizhou, CHN, 516082
Renxin New Material Co Ltd is specialized in polystyrene high Research and development, production and sales of molecular new materials (polystyrene). The main products of Renxin New Materials have been highly recognized by downstream enterprises and established a good market image and brand awareness.

Renxin New Material Co (SZSE:301395) Headlines

No Headlines