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Zhejiang Renzhi Co (SZSE:002629) Profitability Rank : 2 (As of Mar. 2024)


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What is Zhejiang Renzhi Co Profitability Rank?

Zhejiang Renzhi Co has the Profitability Rank of 2. It has had trouble to make a profit.

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

Zhejiang Renzhi Co's Operating Margin % for the quarter that ended in Mar. 2024 was -19.60%. As of today, Zhejiang Renzhi Co's Piotroski F-Score is 5.


Competitive Comparison of Zhejiang Renzhi Co's Profitability Rank

For the Oil & Gas Equipment & Services subindustry, Zhejiang Renzhi Co'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.


Zhejiang Renzhi Co's Profitability Rank Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Zhejiang Renzhi Co's Profitability Rank distribution charts can be found below:

* The bar in red indicates where Zhejiang Renzhi Co's Profitability Rank falls into.



Zhejiang Renzhi Co 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.

Zhejiang Renzhi Co has the Profitability Rank of 2. It has had trouble to make a profit.

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.

Zhejiang Renzhi Co'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 )
=-7.191 / 36.688
=-19.60 %

* 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

The zones of discrimination were as such:

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

Zhejiang Renzhi Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

Warning Sign:

Zhejiang Renzhi Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -39.1%.

4. Consistency of the profitability

5. Predictability Rank


Zhejiang Renzhi Co Profitability Rank Related Terms

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Zhejiang Renzhi Co (SZSE:002629) Business Description

Traded in Other Exchanges
N/A
Address
2180 Binhai 6th Road, Room 108, Building 1, Wenzhou Economic and Technological Development Zone, Wenzhou, CHN, 200135
Zhejiang Renzhi Co Ltd is engaged in the oil service industry which include providing professional services like oil and gas drilling engineering field, oilfield special equipment inspection and maintenance technology.

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