29Metals (ASX:29M) Net Margin % : -21.81% (As of Dec. 2024)

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What is 29Metals Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. 29Metals's Net Income for the six months ended in Dec. 2024 was A$-68.4 Mil. 29Metals's Revenue for the six months ended in Dec. 2024 was A$313.7 Mil. Therefore, 29Metals's net margin for the quarter that ended in Dec. 2024 was -21.81%.

The historical rank and industry rank for 29Metals's Net Margin % or its related term are showing as below:

ASX:29M' s Net Margin % Range Over the Past 10 Years
Min: -97.05 Med: -19.23 Max: 20.38
Current: -31.84

ASX:29M's Net Margin % is ranked worse than
69.82% of 845 companies
in the Metals & Mining industry
Industry Median: 1.58 vs ASX:29M: -31.84

29Metals Net Margin % Historical Data

The historical data trend for 29Metals'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.

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29Metals Net Margin % Chart

29Metals Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Net Margin %

20.38

-6.61

-97.05

-31.84

29Metals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Net Margin %	Get a 7-Day Free Trial			-13.32	-130.38	-61.19	-44.74	-21.81

Competitive Comparison of 29Metals's Net Margin %

For the Other Precious Metals & Mining subindustry, 29Metals'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.

29Metals's Net Margin % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, 29Metals's Net Margin % distribution charts can be found below:

* The bar in red indicates where 29Metals's Net Margin % falls into.

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29Metals 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.

29Metals's Net Margin for the fiscal year that ended in Dec. 2024 is calculated as

Net Margin	=	Net Income (A: Dec. 2024 )	/	Revenue (A: Dec. 2024 )
	=	-177.608	/	557.768
	=	-31.84 %

29Metals's Net Margin for the quarter that ended in Dec. 2024 is calculated as

Net Margin	=	Net Income (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	-68.422	/	313.713
	=	-21.81 %

29Metals (ASX:29M) 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.

29Metals Net Margin % Related Terms

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29Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » 29Metals Ltd (ASX:29M) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

150 Collins Street, Level 2, Melbourne, VIC, AUS, 3000

Website

https://www.29metals.com

29Metals Ltd is a copper-focused base and precious metals mining company. It has two long-life, producing assets: Golden Grove in Western Australia (copper, zinc, gold, and silver) and Capricorn Copper in Queensland (copper and silver). The group has three reportable segments which are Golden Grove, Capricorn Copper, and Exploration (which includes Redhill and regional exploration activities at Golden Grove and Capricorn Copper), and the majority of its revenue is generated from golden grove.

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