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Wema Bank (NSA:WEMA) Net Margin % : 38.23% (As of Sep. 2024)


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What is Wema Bank Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Wema Bank's Net Income for the three months ended in Sep. 2024 was ₦26,140 Mil. Wema Bank's Revenue for the three months ended in Sep. 2024 was ₦68,374 Mil. Therefore, Wema Bank's net margin for the quarter that ended in Sep. 2024 was 38.23%.

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

NSA:WEMA' s Net Margin % Range Over the Past 10 Years
Min: 7.13   Med: 9.63   Max: 33.76
Current: 33.76


NSA:WEMA's Net Margin % is ranked better than
75.08% of 1533 companies
in the Banks industry
Industry Median: 24.47 vs NSA:WEMA: 33.76

Wema Bank Net Margin % Historical Data

The historical data trend for Wema Bank'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.

Wema Bank Net Margin % Chart

Wema Bank 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 10.67 9.88 14.81 14.39 27.50

Wema Bank Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Jun24 Sep24
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 20.54 25.65 32.53 29.54 38.23

Competitive Comparison of Wema Bank's Net Margin %

For the Banks - Regional subindustry, Wema Bank'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.


Wema Bank's Net Margin % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Wema Bank's Net Margin % distribution charts can be found below:

* The bar in red indicates where Wema Bank's Net Margin % falls into.



Wema Bank 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.

Wema Bank'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 )
=35988.967/130889.786
=27.50 %

Wema Bank's Net Margin for the quarter that ended in Sep. 2024 is calculated as

Net Margin=Net Income (Q: Sep. 2024 )/Revenue (Q: Sep. 2024 )
=26139.959/68374.096
=38.23 %

* 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.


Wema Bank  (NSA:WEMA) 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.


Wema Bank Net Margin % Related Terms

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Wema Bank Business Description

Traded in Other Exchanges
N/A
Address
54, Marina, Wema Tower, Lagos, NGA, 12862
Wema Bank PLC is a commercial bank. The company offers retail banking, SME banking, corporate banking, treasury, trade services and financial advisory to its customers. Its services include granting of loans and advances, corporate finance and money market activities. The bank operates in four geographical regions; South-west, South-South, Abuja and Lagos zones. Wema derives the majority of its revenues from Lagos.

Wema Bank Headlines

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