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Converge Technology Solutions (FRA:0ZB) Net Margin % : 0.90% (As of Dec. 2023)


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What is Converge Technology Solutions Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Converge Technology Solutions's Net Income for the three months ended in Dec. 2023 was €4 Mil. Converge Technology Solutions's Revenue for the three months ended in Dec. 2023 was €445 Mil. Therefore, Converge Technology Solutions's net margin for the quarter that ended in Dec. 2023 was 0.90%.

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

FRA:0ZB' s Net Margin % Range Over the Past 10 Years
Min: -3.97   Med: -0.25   Max: 1.26
Current: -0.05


FRA:0ZB's Net Margin % is ranked worse than
55.31% of 2759 companies
in the Software industry
Industry Median: 1.73 vs FRA:0ZB: -0.05

Converge Technology Solutions Net Margin % Historical Data

The historical data trend for Converge Technology Solutions'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.

Converge Technology Solutions Net Margin % Chart

Converge Technology Solutions Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
Get a 7-Day Free Trial -1.58 -0.44 1.23 1.26 -0.05

Converge Technology Solutions Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.55 -0.29 -0.53 -0.25 0.90

Competitive Comparison of Converge Technology Solutions's Net Margin %

For the Information Technology Services subindustry, Converge Technology Solutions'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.


Converge Technology Solutions's Net Margin % Distribution in the Software Industry

For the Software industry and Technology sector, Converge Technology Solutions's Net Margin % distribution charts can be found below:

* The bar in red indicates where Converge Technology Solutions's Net Margin % falls into.



Converge Technology Solutions 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.

Converge Technology Solutions's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin=Net Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=-0.99/1849.042
=-0.05 %

Converge Technology Solutions'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 )
=4.006/445.028
=0.90 %

* 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.


Converge Technology Solutions  (FRA:0ZB) 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.


Converge Technology Solutions Net Margin % Related Terms

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Converge Technology Solutions (FRA:0ZB) Business Description

Traded in Other Exchanges
Address
161 Bay Street, Suite 2325, Toronto, ON, CAN, M5J 2T6
Converge Technology Solutions Corp is a Canadian company building a platform of regionally focused Hybrid IT infrastructure providers that deliver best-of-breed solutions and services in the United States. The solutions provided include multi-cloud solutions, the blockchain, resiliency, and managed services, enabling the company to address the business and IT issues that public and private-sector organizations face.

Converge Technology Solutions (FRA:0ZB) Headlines

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