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Vitreous Glass (Vitreous Glass) Net Margin % : 24.23% (As of Dec. 2023)


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What is Vitreous Glass Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Vitreous Glass's Net Income for the three months ended in Dec. 2023 was $0.42 Mil. Vitreous Glass's Revenue for the three months ended in Dec. 2023 was $1.75 Mil. Therefore, Vitreous Glass's net margin for the quarter that ended in Dec. 2023 was 24.23%.

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

VCIGF' s Net Margin % Range Over the Past 10 Years
Min: 20.8   Med: 24.58   Max: 27.84
Current: 24.67


VCIGF's Net Margin % is ranked better than
93.56% of 233 companies
in the Waste Management industry
Industry Median: 4.18 vs VCIGF: 24.67

Vitreous Glass Net Margin % Historical Data

The historical data trend for Vitreous Glass'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.

Vitreous Glass Net Margin % Chart

Vitreous Glass Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.80 24.75 27.84 22.57 24.89

Vitreous Glass 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 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 25.09 27.10 25.09 22.05 24.23

Competitive Comparison of Vitreous Glass's Net Margin %

For the Waste Management subindustry, Vitreous Glass'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.


Vitreous Glass's Net Margin % Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Vitreous Glass's Net Margin % distribution charts can be found below:

* The bar in red indicates where Vitreous Glass's Net Margin % falls into.



Vitreous Glass 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.

Vitreous Glass's Net Margin for the fiscal year that ended in Sep. 2023 is calculated as

Net Margin=Net Income (A: Sep. 2023 )/Revenue (A: Sep. 2023 )
=1.875/7.532
=24.89 %

Vitreous Glass'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 )
=0.423/1.746
=24.23 %

* 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.


Vitreous Glass  (OTCPK:VCIGF) 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.


Vitreous Glass Net Margin % Related Terms

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Vitreous Glass (Vitreous Glass) Business Description

Traded in Other Exchanges
Address
212 East Lake Boulevard, Airdrie, AB, CAN, T4A 0H5
Vitreous Glass Inc cleans, crushes, and sells waste glass to the fiberglass manufacturing industry. The company also removes the contaminates and crushes the glass to sand and then this sand is sold to fiberglass insulation manufacturers as furnace ready cullet for use in their production facilities. Its sole source of revenue is generated by providing crushed glass to its customers.

Vitreous Glass (Vitreous Glass) Headlines

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