Net margin is calculated as Net Income divided by its Revenue. Major Drilling Group International's Net Income for the
three
months ended in Oct. 2023 was $17.3 Mil. Major Drilling Group International's Revenue for the
three
months ended in Oct. 2023 was $150.9 Mil. Therefore, Major Drilling Group International's net margin for the quarter that ended in Oct. 2023 was 11.45%.
The historical rank and industry rank for Major Drilling Group International's Net Margin % or its related term are showing as below:
MJDLF'
s Net Margin % Range Over the Past 10 Years
Min: -17.34 Med: -10.28 Max: 10.18
Current: 8.84
MJDLF's Net Margin % is ranked better than 76.1% of 862
companies
in the Metals & Mining industry
Industry Median: 0.28
vs MJDLF: 8.84
Major Drilling Group International Net Margin % Historical Data
The historical data trend for Major Drilling Group International'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.
For the Other Industrial Metals & Mining subindustry, Major Drilling Group International'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.
Major Drilling Group International Net Margin % Distribution
For the Metals & Mining industry and Basic Materials sector, Major Drilling Group International's Net Margin % distribution charts can be found below:
* The bar in red indicates where Major Drilling Group International's Net Margin % falls into.
Major Drilling Group International 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.
Major Drilling Group International's Net Margin for the fiscal year that ended in Apr. 2023 is calculated as
* 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.
Major Drilling Group International (OTCPK:MJDLF) 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.
Major Drilling Group International Net Margin % Related Terms
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Major Drilling Group International (Major Drilling Group International) Business Description
Major Drilling Group International Inc is engaged in the business of contract drilling, and it provides services to companies that are involved in mining and mineral exploration. It offers surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, and underground percussive/long-hole drilling services, as well as various drilling-related mine services. Its geographical segments are Canada - the United States; South and Central America; and Australasia and Africa, of which most of its revenue comes from Canada - the United States.
Major Drilling Group International (Major Drilling Group International) Headlines
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