My Food Bag Group (NZSE:MFB) Net Margin % : 2.99% (As of Sep. 2023)

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What is My Food Bag Group Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. My Food Bag Group's Net Income for the six months ended in Sep. 2023 was NZ$2.5 Mil. My Food Bag Group's Revenue for the six months ended in Sep. 2023 was NZ$83.8 Mil. Therefore, My Food Bag Group's net margin for the quarter that ended in Sep. 2023 was 2.99%.

The historical rank and industry rank for My Food Bag Group's Net Margin % or its related term are showing as below:

NZSE:MFB's Net Margin % is not ranked ^*
in the Retail - Cyclical industry.
Industry Median: 2.165
* Ranked among companies with meaningful Net Margin % only.

My Food Bag Group Net Margin % Historical Data

The historical data trend for My Food Bag Group'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.

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My Food Bag Group Net Margin % Chart

My Food Bag Group Annual Data

Trend

Mar21

Mar22

Mar23

Net Margin %

1.28

10.32

4.47

My Food Bag Group Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Net Margin %	Get a 7-Day Free Trial			9.58	11.07	6.23	2.43	2.99

Competitive Comparison of My Food Bag Group's Net Margin %

For the Internet Retail subindustry, My Food Bag Group'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.

My Food Bag Group's Net Margin % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, My Food Bag Group's Net Margin % distribution charts can be found below:

* The bar in red indicates where My Food Bag Group's Net Margin % falls into.

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My Food Bag Group 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.

My Food Bag Group's Net Margin for the fiscal year that ended in Mar. 2023 is calculated as

Net Margin	=	Net Income (A: Mar. 2023 )	/	Revenue (A: Mar. 2023 )
	=	7.85	/	175.694
	=	4.47 %

My Food Bag Group's Net Margin for the quarter that ended in Sep. 2023 is calculated as

Net Margin	=	Net Income (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	2.506	/	83.835
	=	2.99 %

My Food Bag Group (NZSE:MFB) 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.

My Food Bag Group Net Margin % Related Terms

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My Food Bag Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » My Food Bag Group Ltd (NZSE:MFB) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

56 Parnell Road, Level 3, Parnell, Auckland, NTL, NZL, 1052

Website

https://www.myfoodbag.co.nz

My Food Bag Group Ltd operates in the fast-growing online food delivery market in New Zealand. It delivers bags full of fresh and locally sourced ingredients along with easy-to-follow recipes direct to families across New Zealand. The company drives revenue primarily by the volume of bags delivered to customers and the average order value of bags delivered.

My Food Bag Group Headlines

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