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Hove AS (OCSE:HOVE) Net Margin % : 5.55% (As of Jun. 2024)


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What is Hove AS Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Hove AS's Net Income for the six months ended in Jun. 2024 was kr4.8 Mil. Hove AS's Revenue for the six months ended in Jun. 2024 was kr85.7 Mil. Therefore, Hove AS's net margin for the quarter that ended in Jun. 2024 was 5.55%.

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

OCSE:HOVE' s Net Margin % Range Over the Past 10 Years
Min: 0.42   Med: 3.85   Max: 5.57
Current: 0.42


OCSE:HOVE's Net Margin % is ranked worse than
71.93% of 1525 companies
in the Chemicals industry
Industry Median: 4.06 vs OCSE:HOVE: 0.42

Hove AS Net Margin % Historical Data

The historical data trend for Hove AS'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.

Hove AS Net Margin % Chart

Hove AS Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
2.25 5.57 3.85 4.70 1.91

Hove AS Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Net Margin % Get a 7-Day Free Trial Premium Member Only 0.89 7.69 7.87 -4.42 5.55

Competitive Comparison of Hove AS's Net Margin %

For the Specialty Chemicals subindustry, Hove AS'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.


Hove AS's Net Margin % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hove AS's Net Margin % distribution charts can be found below:

* The bar in red indicates where Hove AS's Net Margin % falls into.



Hove AS 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.

Hove AS'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 )
=3.575/186.965
=1.91 %

Hove AS'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 )
=4.752/85.653
=5.55 %

* 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.


Hove AS  (OCSE:HOVE) 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.


Hove AS Net Margin % Related Terms

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Hove AS Business Description

Traded in Other Exchanges
N/A
Address
Herstedostervej 7, Glostrup, DNK, 2600
Hove AS is a developer, producer and supplier of advanced lubrication solutions for heavy machinery. Its products cover Hove Smart Lube, Lubrication solutions, and Beinlich & Hafnia pumps.

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