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Saudi Enaya Cooperative Insurance Co (SAU:8311) Net Margin % : 1.17% (As of Dec. 2023)


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What is Saudi Enaya Cooperative Insurance Co Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Saudi Enaya Cooperative Insurance Co's Net Income for the three months ended in Dec. 2023 was ﷼0.8 Mil. Saudi Enaya Cooperative Insurance Co's Revenue for the three months ended in Dec. 2023 was ﷼66.8 Mil. Therefore, Saudi Enaya Cooperative Insurance Co's net margin for the quarter that ended in Dec. 2023 was 1.17%.

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

SAU:8311' s Net Margin % Range Over the Past 10 Years
Min: -217.44   Med: -35.71   Max: 7.6
Current: 7.6


SAU:8311's Net Margin % is ranked better than
50.72% of 485 companies
in the Insurance industry
Industry Median: 7.47 vs SAU:8311: 7.60

Saudi Enaya Cooperative Insurance Co Net Margin % Historical Data

The historical data trend for Saudi Enaya 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.

Saudi Enaya Cooperative Insurance Co Net Margin % Chart

Saudi Enaya 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 -100.68 -15.89 -33.36 -2.74 7.60

Saudi Enaya Cooperative Insurance Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 13.38 7.60 6.76 14.03 1.17

Competitive Comparison of Saudi Enaya Cooperative Insurance Co's Net Margin %

For the Insurance - Life subindustry, Saudi Enaya 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.


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

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

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



Saudi Enaya 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.

Saudi Enaya 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 )
=20.222/266.034
=7.60 %

Saudi Enaya Cooperative Insurance Co's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin=Net Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=0.782/66.769
=1.17 %

* 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.


Saudi Enaya Cooperative Insurance Co  (SAU:8311) 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.


Saudi Enaya Cooperative Insurance Co Net Margin % Related Terms

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Saudi Enaya Cooperative Insurance Co (SAU:8311) Business Description

Traded in Other Exchanges
N/A
Address
Building No. 7521, P.O. Box 3732, Al Fakhr, Al Khaldiya District, Jeddah, SAU, 23423
Saudi Enaya Cooperative Insurance Co operates in the insurance industry. It provides insurance contracts for providing health care services. All the insurance operations of the company are carried out in the Kingdom of Saudi Arabia.

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