GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » SpareBank 1 Ringerike Hadeland (OSL:RING) » Definitions » Profitability Rank

SpareBank 1 Ringerike Hadeland (OSL:RING) Profitability Rank : 7 (As of Mar. 2024)


View and export this data going back to 1996. Start your Free Trial

What is SpareBank 1 Ringerike Hadeland Profitability Rank?

SpareBank 1 Ringerike Hadeland has the Profitability Rank of 7.

GuruFocus Profitability Rank ranks how profitable a company is and how likely the company's business will stay that way. It is based on these factors:

1. Operating Margin %
2. Piotroski F-Score
3. Trend of the Operating Margin % (5-year average). The company with an uptrend profit margin has a higher rank.
4. Consistency of the profitability
5. Predictability Rank

SpareBank 1 Ringerike Hadeland's Operating Margin % for the quarter that ended in Mar. 2024 was 0.00%. As of today, SpareBank 1 Ringerike Hadeland's Piotroski F-Score is 8.


Competitive Comparison of SpareBank 1 Ringerike Hadeland's Profitability Rank

For the Banks - Regional subindustry, SpareBank 1 Ringerike Hadeland's Profitability Rank, along with its competitors' market caps and Profitability Rank 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.


SpareBank 1 Ringerike Hadeland's Profitability Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, SpareBank 1 Ringerike Hadeland's Profitability Rank distribution charts can be found below:

* The bar in red indicates where SpareBank 1 Ringerike Hadeland's Profitability Rank falls into.



SpareBank 1 Ringerike Hadeland Profitability Rank Calculation

GuruFocus Profitability Rank ranks how profitable a company is and how likely the company's business will stay that way.

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

SpareBank 1 Ringerike Hadeland has the Profitability Rank of 7.

Profitability Rank is not directly related to the Financial Strength. But if a company is consistently profitable, its financial strength will be stronger.

Profitability Rank is based on these factors:

1. Operating Margin %

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

SpareBank 1 Ringerike Hadeland's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=0 / 311
=0.00 %

* 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.

2. Piotroski F-Score

Good Sign:

Piotroski F-Score is 8, indicates a very healthy situation.

The zones of discrimination were as such:

Good or high score = 8 or 9
Bad or low score = 0 or 1

SpareBank 1 Ringerike Hadeland has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

3. Trend of the Operating Margin % (5-year average). The company with an uptrend profit margin has a higher rank.

4. Consistency of the profitability

5. Predictability Rank


SpareBank 1 Ringerike Hadeland Profitability Rank Related Terms

Thank you for viewing the detailed overview of SpareBank 1 Ringerike Hadeland's Profitability Rank provided by GuruFocus.com. Please click on the following links to see related term pages.


SpareBank 1 Ringerike Hadeland (OSL:RING) Business Description

Traded in Other Exchanges
N/A
Address
Southern Torv 6, Honefoss, NOR, 3510
SpareBank 1 Ringerike Hadeland is a savings bank in Norway offering financing, placement, payment services, pensions, and life insurance. Its business is organized into two sections, personal and corporate market. The Bank serves less self-employed, agricultural, and business class customers as well. The Bank also provides credit cards, debit cards, structured products, stock savings, mobile banking and online banking services.

SpareBank 1 Ringerike Hadeland (OSL:RING) Headlines