New Horizon Health (HKSE:06606) Net Margin %: 15.27% (As of Jun. 2023)


HKSE:06606 New Horizon Health Ltd HKSE:06606
35 GF Score
Price HK$14.14
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What is New Horizon Health Net Margin %?

New Horizon Health HKSE:06606 35 Net Margin % is 15.27% as of Jun. 2023. GuruFocus rates HKSE:06606 with a GF Score™ of 35/100.

Net margin is calculated as Net Income divided by its Revenue. New Horizon Health's Net Income for the six months ended in Jun. 2023 was HK$137 Mil. New Horizon Health's Revenue for the six months ended in Jun. 2023 was HK$900 Mil. Therefore, New Horizon Health's net margin for the quarter that ended in Jun. 2023 was 15.27%.

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


HKSE:06606's Net Margin % is not ranked *
in the Medical Devices & Instruments industry.
Industry Median: 2.06
* Ranked among companies with meaningful Net Margin % only.

New Horizon Health  (HKSE:06606) 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.

New Horizon Health Net Margin % Related Terms

New Horizon Health Net Margin % Historical Data

* Premium members only.

The historical data trend for New Horizon Health'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.

New Horizon Health Net Margin % Chart

New Horizon Health Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22
Net Margin %
-1,195.07 -182.69 -1,117.70 -1,450.14 -10.36

New Horizon Health Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Net Margin % Get a 7-Day Free Trial Premium Member Only -6,582.57 -114.63 -28.93 -2.59 15.27

HKSE:06606 vs ABT, SYK, MDT: Net Margin % Comparison

For the Medical Devices subindustry, New Horizon Health'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.

New Horizon Health Net Margin % vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, New Horizon Health's Net Margin % distribution charts can be found below:

* The bar in red indicates where New Horizon Health's Net Margin % falls into.


HKSE:06606
35GF Score
New Horizon Health Ltd HKSE:06606
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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New Horizon Health 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.

New Horizon Health's Net Margin for the fiscal year that ended in Dec. 2022 is calculated as

Net Margin=Net Income (A: Dec. 2022 )/Revenue (A: Dec. 2022 )
=-88.486/854.242
=-10.36 %

New Horizon Health's Net Margin for the quarter that ended in Jun. 2023 is calculated as

Net Margin=Net Income (Q: Jun. 2023 )/Revenue (Q: Jun. 2023 )
=137.438/899.826
=15.27 %

* 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.

Frequently Asked Questions Learn more about Net Margin % →
What does a Net Margin % of 15.27% mean?
New Horizon Health (HKSE:06606) has a Net Margin % of 15.27% as of Jun. 2023. Net margin is the ratio of total net income to net sales. View historical data on New Horizon Health and its competitors.
Is New Horizon Health's Net Margin % too high?
New Horizon Health's current Net Margin % is 15.27%. The Medical Devices & Instruments industry median Net Margin % is 2.06. New Horizon Health's value of 15.27% is 641.3% above this industry median. Overall, New Horizon Health has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does New Horizon Health's Net Margin % compare to ABT and SYK?
New Horizon Health's Net Margin % of 15.27% can be compared against companies in the Medical Devices & Instruments industry. The industry median Net Margin % is 2.06. New Horizon Health's value of 15.27% is 641.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Medical Devices & Instruments company?
The median Net Margin % among Medical Devices & Instruments companies is 2.06, based on 816 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. New Horizon Health's current Net Margin % of 15.27% is 641.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on New Horizon Health and its competitors. For the Medical Devices & Instruments industry, the median Net Margin % is 2.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Horizon Health's current Net Margin % is 15.27%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Horizon Health stock overvalued right now?
New Horizon Health (HKSE:06606) has a current Net Margin % of 15.27%. The current Net Margin % is 15.27% and 641.3% above the Medical Devices & Instruments industry median of 2.06. New Horizon Health's overall GF Score™ is 35/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For New Horizon Health (HKSE:06606), the current Net Margin % is 15.27% as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

New Horizon Health Business Description

Address 400 Jiang’er Road, 13th Floor, T1 Building, Binjiang District, Zhejiang, Hangzhou, CHN, 310052
New Horizon Health Ltd is engaged in early cancer screening and in-home testing in China. The company has an early detection and cancer screening-focused pipeline of five products and product candidates with an emphasis on colorectal cancer screening. The company focuses on cancer prevention and cure through screening and early detection. It generates maximum revenue from ColoClear and Pupu Tube products.
35GF Score

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Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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