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Guangdong Senssun Weighing Apparatus Group (SZSE:002870) Net Margin % : 2.99% (As of Mar. 2024)


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What is Guangdong Senssun Weighing Apparatus Group Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Guangdong Senssun Weighing Apparatus Group's Net Income for the three months ended in Mar. 2024 was ¥44 Mil. Guangdong Senssun Weighing Apparatus Group's Revenue for the three months ended in Mar. 2024 was ¥1,485 Mil. Therefore, Guangdong Senssun Weighing Apparatus Group's net margin for the quarter that ended in Mar. 2024 was 2.99%.

The historical rank and industry rank for Guangdong Senssun Weighing Apparatus Group's Net Margin % or its related term are showing as below:

SZSE:002870' s Net Margin % Range Over the Past 10 Years
Min: -7.71   Med: 5.9   Max: 12.58
Current: 2.81


SZSE:002870's Net Margin % is ranked better than
50.71% of 2465 companies
in the Hardware industry
Industry Median: 2.7 vs SZSE:002870: 2.81

Guangdong Senssun Weighing Apparatus Group Net Margin % Historical Data

The historical data trend for Guangdong Senssun Weighing Apparatus Group'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.

Guangdong Senssun Weighing Apparatus Group Net Margin % Chart

Guangdong Senssun Weighing Apparatus Group 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 -7.71 7.69 1.02 1.79 2.78

Guangdong Senssun Weighing Apparatus Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.92 1.81 5.08 1.26 2.99

Competitive Comparison of Guangdong Senssun Weighing Apparatus Group's Net Margin %

For the Scientific & Technical Instruments subindustry, Guangdong Senssun Weighing Apparatus Group'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.


Guangdong Senssun Weighing Apparatus Group's Net Margin % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Guangdong Senssun Weighing Apparatus Group's Net Margin % distribution charts can be found below:

* The bar in red indicates where Guangdong Senssun Weighing Apparatus Group's Net Margin % falls into.



Guangdong Senssun Weighing Apparatus Group 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.

Guangdong Senssun Weighing Apparatus Group'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 )
=161.181/5788.141
=2.78 %

Guangdong Senssun Weighing Apparatus Group's Net Margin for the quarter that ended in Mar. 2024 is calculated as

Net Margin=Net Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=44.453/1485.416
=2.99 %

* 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.


Guangdong Senssun Weighing Apparatus Group  (SZSE:002870) 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.


Guangdong Senssun Weighing Apparatus Group Net Margin % Related Terms

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Guangdong Senssun Weighing Apparatus Group (SZSE:002870) Business Description

Traded in Other Exchanges
N/A
Address
East of Qiwan Road,, Baishawan Industrial Park, East District, Guangdong Province, Zhongshan, CHN, 528403
Guangdong Senssun Weighing Apparatus Group Ltd is mainly engaged in the research and development, production and sales of household health (home scale) products, commercial weighing (commercial weighing) products and intelligent measuring products. It focuses on product that includes human scales, fat scales, kitchen scales, pocket scales, luggage scales and other smart household scales; Safety traceability scales, bar code scales, electronic price scales, electronic platform scales and other intelligent commercial scales.
Executives
Zhao Yu Kun Director
Liu Huan Guang Directors, executives

Guangdong Senssun Weighing Apparatus Group (SZSE:002870) Headlines

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