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Walaa Cooperative Insurance Co (SAU:8060) Net Margin % : 4.29% (As of Sep. 2024)


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What is Walaa Cooperative Insurance Co Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Walaa Cooperative Insurance Co's Net Income for the three months ended in Sep. 2024 was ﷼20 Mil. Walaa Cooperative Insurance Co's Revenue for the three months ended in Sep. 2024 was ﷼469 Mil. Therefore, Walaa Cooperative Insurance Co's net margin for the quarter that ended in Sep. 2024 was 4.29%.

The historical rank and industry rank for Walaa Cooperative Insurance Co's Net Margin % or its related term are showing as below:

SAU:8060' s Net Margin % Range Over the Past 10 Years
Min: -12.23   Med: 4.87   Max: 19.43
Current: 6.56


SAU:8060's Net Margin % is ranked worse than
57.62% of 479 companies
in the Insurance industry
Industry Median: 8.36 vs SAU:8060: 6.56

Walaa Cooperative Insurance Co Net Margin % Historical Data

The historical data trend for Walaa Cooperative Insurance Co'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.

Walaa Cooperative Insurance Co Net Margin % Chart

Walaa Cooperative Insurance Co 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 2.96 6.78 -10.41 -4.77 8.55

Walaa Cooperative Insurance Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 9.99 9.02 8.06 4.77 4.29

Competitive Comparison of Walaa Cooperative Insurance Co's Net Margin %

For the Insurance - Diversified subindustry, Walaa Cooperative Insurance Co'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.


Walaa Cooperative Insurance Co's Net Margin % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Walaa Cooperative Insurance Co's Net Margin % distribution charts can be found below:

* The bar in red indicates where Walaa Cooperative Insurance Co's Net Margin % falls into.



Walaa Cooperative Insurance Co 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.

Walaa Cooperative Insurance Co'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 )
=147.977/1731.012
=8.55 %

Walaa Cooperative Insurance Co'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 )
=20.101/468.549
=4.29 %

* 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.


Walaa Cooperative Insurance Co  (SAU:8060) 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.


Walaa Cooperative Insurance Co Net Margin % Related Terms

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Walaa Cooperative Insurance Co Business Description

Traded in Other Exchanges
N/A
Address
4513, Adh Dhahran Al Khubar Al Janubiyah, Unit No: 8, Al-Khobar, SAU, 34621-8615
Walaa Cooperative Insurance Co is a general insurance company. It is engaged in providing insurance coverage in the areas of medical, motor, marine, fire, engineering, aviation and casualty. Geographically, it operates in the Kingdom of Saudi Arabia. The company carries its business through the product segments of Medical, Motor, Property, Engineering, Energy, Protection and savings and Others. Majority of revenue is generated from Medical insurance segment. Medical insurance provides coverage for health insurance.

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