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Xingtong Shipping Co (SHSE:603209) Net Margin % : 25.03% (As of Sep. 2024)


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What is Xingtong Shipping Co Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Xingtong Shipping Co's Net Income for the three months ended in Sep. 2024 was ¥98 Mil. Xingtong Shipping Co's Revenue for the three months ended in Sep. 2024 was ¥390 Mil. Therefore, Xingtong Shipping Co's net margin for the quarter that ended in Sep. 2024 was 25.03%.

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

SHSE:603209' s Net Margin % Range Over the Past 10 Years
Min: 16.93   Med: 28.01   Max: 35.12
Current: 23.32


SHSE:603209's Net Margin % is ranked better than
86.94% of 965 companies
in the Transportation industry
Industry Median: 5.3 vs SHSE:603209: 23.32

Xingtong Shipping Co Net Margin % Historical Data

The historical data trend for Xingtong Shipping 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.

Xingtong Shipping Co Net Margin % Chart

Xingtong Shipping Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
Get a 7-Day Free Trial 29.74 31.96 35.12 26.28 20.38

Xingtong Shipping Co Quarterly Data
Dec18 Dec19 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 15.98 21.20 20.09 26.62 25.03

Competitive Comparison of Xingtong Shipping Co's Net Margin %

For the Marine Shipping subindustry, Xingtong Shipping 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.


Xingtong Shipping Co's Net Margin % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Xingtong Shipping Co's Net Margin % distribution charts can be found below:

* The bar in red indicates where Xingtong Shipping Co's Net Margin % falls into.



Xingtong Shipping 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.

Xingtong Shipping 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 )
=252.196/1237.27
=20.38 %

Xingtong Shipping 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 )
=97.64/390.053
=25.03 %

* 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.


Xingtong Shipping Co  (SHSE:603209) 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.


Xingtong Shipping Co Net Margin % Related Terms

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Xingtong Shipping Co Business Description

Traded in Other Exchanges
N/A
Address
No. 295, Yifeng East Road, Floor 8-9, Xingtong Marine Building, Quangang District, Fujian Province, Quanzhou City, CHN, 362800
Xingtong Shipping Co Ltd is engaged in the water transportation of domestic coastal bulk liquid dangerous goods.

Xingtong Shipping Co Headlines

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