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Canoe EITome Fund (Canoe EITome Fund) Net Margin % : 92.65% (As of Dec. 2023)


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What is Canoe EITome Fund Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Canoe EITome Fund's Net Income for the six months ended in Dec. 2023 was $115.24 Mil. Canoe EITome Fund's Revenue for the six months ended in Dec. 2023 was $124.38 Mil. Therefore, Canoe EITome Fund's net margin for the quarter that ended in Dec. 2023 was 92.65%.

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

ENDTF' s Net Margin % Range Over the Past 10 Years
Min: 73.98   Med: 92.89   Max: 153.4
Current: 83.95


ENDTF's Net Margin % is ranked worse than
51.17% of 1671 companies
in the Asset Management industry
Industry Median: 86.04 vs ENDTF: 83.95

Canoe EITome Fund Net Margin % Historical Data

The historical data trend for Canoe EITome Fund'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.

Canoe EITome Fund Net Margin % Chart

Canoe EITome Fund Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 89.32 73.98 96.43 91.82 83.95

Canoe EITome Fund Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 94.98 69.04 95.30 163.33 92.65

Competitive Comparison of Canoe EITome Fund's Net Margin %

For the Asset Management subindustry, Canoe EITome Fund'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.


Canoe EITome Fund's Net Margin % Distribution in the Asset Management Industry

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

* The bar in red indicates where Canoe EITome Fund's Net Margin % falls into.



Canoe EITome Fund 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.

Canoe EITome Fund'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 )
=92.969/110.744
=83.95 %

Canoe EITome Fund'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 )
=115.244/124.383
=92.65 %

* 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.


Canoe EITome Fund  (OTCPK:ENDTF) 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.


Canoe EITome Fund Net Margin % Related Terms

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Canoe EITome Fund (Canoe EITome Fund) Business Description

Address
421 - 7th Avenue SW, Suite 2750, Calgary, AB, CAN, T2P 4K9
Canoe EIT Income Fund is a Canadian closed-end investment trust. The investment objective of the Fund is to maximize monthly distributions relative to risk and maximize net asset value while maintaining and expanding a diversified portfolio. The company invests in various sectors, of which Financials, Energy, Healthcare, etc.

Canoe EITome Fund (Canoe EITome Fund) Headlines