Close The Loop (ASX:CLG) Net Margin % : 4.72% (As of Dec. 2023)

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What is Close The Loop Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Close The Loop's Net Income for the six months ended in Dec. 2023 was A$4.9 Mil. Close The Loop's Revenue for the six months ended in Dec. 2023 was A$104.3 Mil. Therefore, Close The Loop's net margin for the quarter that ended in Dec. 2023 was 4.72%.

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

ASX:CLG' s Net Margin % Range Over the Past 10 Years
Min: 6.56 Med: 7.78 Max: 9
Current: 7.22

ASX:CLG's Net Margin % is ranked better than
59.91% of 232 companies
in the Waste Management industry
Industry Median: 4.095 vs ASX:CLG: 7.22

Close The Loop Net Margin % Historical Data

The historical data trend for Close The Loop'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.

Close The Loop Net Margin % Chart

Close The Loop Annual Data

Trend

Jun22

Jun23

Net Margin %

6.56

9.00

Close The Loop Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Net Margin %	3.35	7.89	6.90	10.60	4.72

Competitive Comparison of Close The Loop's Net Margin %

For the Waste Management subindustry, Close The Loop'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.

Close The Loop's Net Margin % Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Close The Loop's Net Margin % distribution charts can be found below:

* The bar in red indicates where Close The Loop's Net Margin % falls into.

Close The Loop 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.

Close The Loop's Net Margin for the fiscal year that ended in Jun. 2023 is calculated as

Net Margin	=	Net Income (A: Jun. 2023 )	/	Revenue (A: Jun. 2023 )
	=	12.238	/	135.934
	=	9.00 %

Close The Loop'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 )
	=	4.927	/	104.335
	=	4.72 %

Close The Loop (ASX:CLG) 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.

Close The Loop Net Margin % Related Terms

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Close The Loop (ASX:CLG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Close The Loop Ltd (ASX:CLG) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

43-47 Cleeland Road, Oakleigh South, Melbourne, VIC, AUS, 3167

Website

https://www.closetheloop.com.au

Close The Loop Ltd provides reuse, recycling, and sustainability solutions. The company has developed a battery collection and recycling solution in Australia. The group has two operating segments based on differences in products and services provided: resource recovery and packaging.

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