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Net margin is calculated as net income divided by its revenue. Mackinac Financial Corp's net income for the three months ended in Sep. 2016 was $1.78 Mil. Mackinac Financial Corp's revenue for the three months ended in Sep. 2016 was $10.19 Mil. Therefore, Mackinac Financial Corp's net margin for the quarter that ended in Sep. 2016 was 17.46%.
Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.
Mackinac Financial Corp's Net Margin for the fiscal year that ended in Dec. 2015 is calculated as
Mackinac Financial Corp's Net Margin for the quarter that ended in Sep. 2016 is calculated as
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a companys 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.
Mackinac Financial Corp Annual Data
Mackinac Financial Corp Quarterly Data