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Industrial And Commercial Bank Of China (Industrial And Commercial Bank Of China) Net Margin %

: 50.09% (As of Dec. 2023)
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Net margin is calculated as Net Income divided by its Revenue. Industrial And Commercial Bank Of China's Net Income for the three months ended in Dec. 2023 was $13,350 Mil. Industrial And Commercial Bank Of China's Revenue for the three months ended in Dec. 2023 was $26,654 Mil. Therefore, Industrial And Commercial Bank Of China's net margin for the quarter that ended in Dec. 2023 was 50.09%.

The historical rank and industry rank for Industrial And Commercial Bank Of China's Net Margin % or its related term are showing as below:

IDCBY' s Net Margin % Range Over the Past 10 Years
Min: 35.84   Med: 39.7   Max: 43.43
Current: 43.43


IDCBY's Net Margin % is ranked better than
87.69% of 1462 companies
in the Banks industry
Industry Median: 25.54 vs IDCBY: 43.43

Industrial And Commercial Bank Of China Net Margin % Historical Data

The historical data trend for Industrial And Commercial Bank Of China'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.

Industrial And Commercial Bank Of China Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 36.61 35.84 37.06 41.45 43.43

Industrial And Commercial Bank Of China Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Margin % 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 Premium Member Only Premium Member Only Premium Member Only 47.42 39.81 38.23 46.85 50.09

Competitive Comparison

For the Banks - Diversified subindustry, Industrial And Commercial Bank Of China'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.


Industrial And Commercial Bank Of China Net Margin % Distribution

For the Banks industry and Financial Services sector, Industrial And Commercial Bank Of China's Net Margin % distribution charts can be found below:

* The bar in red indicates where Industrial And Commercial Bank Of China's Net Margin % falls into.



Industrial And Commercial Bank Of China 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.

Industrial And Commercial Bank Of China'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 )
=50977.984/117370.382
=43.43 %

Industrial And Commercial Bank Of China'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 )
=13349.766/26654.155
=50.09 %

* 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.


Industrial And Commercial Bank Of China  (OTCPK:IDCBY) 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.


Industrial And Commercial Bank Of China Net Margin % Related Terms

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Industrial And Commercial Bank Of China (Industrial And Commercial Bank Of China) Business Description

Address
3 Garden Road, 33rd Floor, ICBC Tower, Central, Hong Kong, HKG
ICBC is headquartered in Beijing and founded in 1984, the bank listed its shares in mainland China and Hong Kong in 2006. It is China's largest by asset scale and by share of lending and deposits. Central Huijin Investment (China's sovereign wealth fund manager) and China's Ministry of Finance are ICBC's two largest shareholders, each with a stake of around 35%. ICBC operates over 16,000 outlets. Among these outlets, 417 outlets are located in 42 countries and regions overseas. Corporate banking, retail banking, and wholesale banking accounted for 44%, 44%, and 12% of total revenue, respectively; and 39%, 47%, and 24% of profit before tax in 2022. Overseas banking and other business contributed 8% of total revenue and 6% of profit before tax in 2022.

Industrial And Commercial Bank Of China (Industrial And Commercial Bank Of China) Headlines

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