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OKE Precision Cutting Tools Co (SHSE:688308) Net Margin % : 9.42% (As of Sep. 2024)


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What is OKE Precision Cutting Tools Co Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. OKE Precision Cutting Tools Co's Net Income for the three months ended in Sep. 2024 was ¥30 Mil. OKE Precision Cutting Tools Co's Revenue for the three months ended in Sep. 2024 was ¥316 Mil. Therefore, OKE Precision Cutting Tools Co's net margin for the quarter that ended in Sep. 2024 was 9.42%.

The historical rank and industry rank for OKE Precision Cutting Tools Co's Net Margin % or its related term are showing as below:

SHSE:688308' s Net Margin % Range Over the Past 10 Years
Min: 8.62   Med: 15.3   Max: 22.94
Current: 8.62


SHSE:688308's Net Margin % is ranked better than
68.84% of 2969 companies
in the Industrial Products industry
Industry Median: 4.98 vs SHSE:688308: 8.62

OKE Precision Cutting Tools Co Net Margin % Historical Data

The historical data trend for OKE Precision Cutting Tools 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.

OKE Precision Cutting Tools Co Net Margin % Chart

OKE Precision Cutting Tools Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
Get a 7-Day Free Trial 14.67 15.30 22.44 22.94 16.17

OKE Precision Cutting Tools 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 18.81 2.90 11.31 9.59 9.42

Competitive Comparison of OKE Precision Cutting Tools Co's Net Margin %

For the Tools & Accessories subindustry, OKE Precision Cutting Tools 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.


OKE Precision Cutting Tools Co's Net Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, OKE Precision Cutting Tools Co's Net Margin % distribution charts can be found below:

* The bar in red indicates where OKE Precision Cutting Tools Co's Net Margin % falls into.



OKE Precision Cutting Tools 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.

OKE Precision Cutting Tools 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 )
=166.004/1026.461
=16.17 %

OKE Precision Cutting Tools 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 )
=29.738/315.66
=9.42 %

* 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.


OKE Precision Cutting Tools Co  (SHSE:688308) 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.


OKE Precision Cutting Tools Co Net Margin % Related Terms

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OKE Precision Cutting Tools Co Business Description

Traded in Other Exchanges
N/A
Address
No.8, Chuangye 4th Road, Small and Medium Enterprise Pioneer Park, Hunan Province. Lusong District, Yanling County, Zhuzhou, CHN, 412500
OKE Precision Cutting Tools Co Ltd is involved in the research and development, production and sales of cemented carbide products and CNC tool products. It offers CNC tool, carbide serrated blade, carbide disc and other cemented and carbide products.
Executives
Tan Wen Qing Director
Su Zhen Hua Director
Liang Bao Yu Director
Han Hong Tao Director
Yuan Mei He Director

OKE Precision Cutting Tools Co Headlines

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