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Renaissance ServicesOG (MUS:RNSS) Net Margin % : 9.00% (As of Mar. 2024)


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What is Renaissance ServicesOG Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Renaissance ServicesOG's Net Income for the three months ended in Mar. 2024 was ر.ع2.3 Mil. Renaissance ServicesOG's Revenue for the three months ended in Mar. 2024 was ر.ع25.5 Mil. Therefore, Renaissance ServicesOG's net margin for the quarter that ended in Mar. 2024 was 9.00%.

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

MUS:RNSS' s Net Margin % Range Over the Past 10 Years
Min: -22.86   Med: 7.12   Max: 12.01
Current: 11.74


MUS:RNSS's Net Margin % is ranked better than
80.75% of 1065 companies
in the Business Services industry
Industry Median: 3.93 vs MUS:RNSS: 11.74

Renaissance ServicesOG Net Margin % Historical Data

The historical data trend for Renaissance ServicesOG'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.

Renaissance ServicesOG Net Margin % Chart

Renaissance ServicesOG 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 11.92 7.31 8.35 9.38 12.01

Renaissance ServicesOG Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 10.17 10.33 11.27 16.17 9.00

Competitive Comparison of Renaissance ServicesOG's Net Margin %

For the Specialty Business Services subindustry, Renaissance ServicesOG'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.


Renaissance ServicesOG's Net Margin % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Renaissance ServicesOG's Net Margin % distribution charts can be found below:

* The bar in red indicates where Renaissance ServicesOG's Net Margin % falls into.



Renaissance ServicesOG 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.

Renaissance ServicesOG'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 )
=12.48/103.886
=12.01 %

Renaissance ServicesOG's Net Margin for the quarter that ended in Mar. 2024 is calculated as

Net Margin=Net Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=2.294/25.495
=9.00 %

* 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.


Renaissance ServicesOG  (MUS:RNSS) 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.


Renaissance ServicesOG Net Margin % Related Terms

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Renaissance ServicesOG (MUS:RNSS) Business Description

Traded in Other Exchanges
N/A
Address
Renaissance House, P.O. Box 1676, Muttrah, OMN, 114
Renaissance Services SAOG provides vessel chartering, contract, accommodation, and integrated facilities management services to the oil and gas industry. Its segments include contract services which consist of contract services, accommodation solutions, and integrated facilities management (IFM) services. Geographically, it derives most of its revenue from Oman.

Renaissance ServicesOG (MUS:RNSS) Headlines

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