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Foroya Banki P/F (LTS:0OF2) Net Margin % : 51.93% (As of Jun. 2024)


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What is Foroya Banki P/F Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Foroya Banki P/F's Net Income for the three months ended in Jun. 2024 was kr87.0 Mil. Foroya Banki P/F's Revenue for the three months ended in Jun. 2024 was kr167.5 Mil. Therefore, Foroya Banki P/F's net margin for the quarter that ended in Jun. 2024 was 51.93%.

The historical rank and industry rank for Foroya Banki P/F's Net Margin % or its related term are showing as below:

LTS:0OF2' s Net Margin % Range Over the Past 10 Years
Min: -29.22   Med: 36.45   Max: 53.6
Current: 48.4


LTS:0OF2's Net Margin % is ranked better than
93.45% of 1602 companies
in the Banks industry
Industry Median: 24.5 vs LTS:0OF2: 48.40

Foroya Banki P/F Net Margin % Historical Data

The historical data trend for Foroya Banki P/F'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.

Foroya Banki P/F Net Margin % Chart

Foroya Banki P/F Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 45.07 35.60 53.60 42.72 49.85

Foroya Banki P/F Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 47.20 34.37 97.85 38.14 51.93

Competitive Comparison of Foroya Banki P/F's Net Margin %

For the Banks - Regional subindustry, Foroya Banki P/F'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.


Foroya Banki P/F's Net Margin % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Foroya Banki P/F's Net Margin % distribution charts can be found below:

* The bar in red indicates where Foroya Banki P/F's Net Margin % falls into.



Foroya Banki P/F 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.

Foroya Banki P/F'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 )
=307.533/616.971
=49.85 %

Foroya Banki P/F's Net Margin for the quarter that ended in Jun. 2024 is calculated as

Net Margin=Net Income (Q: Jun. 2024 )/Revenue (Q: Jun. 2024 )
=87/167.519
=51.93 %

* 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.


Foroya Banki P/F  (LTS:0OF2) 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.


Foroya Banki P/F Net Margin % Related Terms

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Foroya Banki P/F Business Description

Traded in Other Exchanges
Address
Oknarvegur 5, P.O. Box 3048, Torshavn, FRO, FO-110
BankNordik P/F is a banking company. The bank provides a range of banking products and financial services to private and corporate customers. Its business units includes Banking and Non-life insurance. The Banking unit comprises Personal Banking and Corporate Banking. Personal Banking comprises private customers in the Faroe Islands and Greenland. Corporate Banking comprises corporate customers mainly in the Faroe Islands and in Greenland. The corporate also comprises a few remaining corporate customers from Denmark. Non-life insurance comprises the insurance company P/F TRYGD based The Faroe Islands. TRYGD is responsible for the-life insurance products. The company operates in the Faroe Islands, Denmark and Greenland of which key revenue is derived from the Faroe Islands.

Foroya Banki P/F Headlines

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