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Cover Technologies (XCNQ:COVE) Net Margin % : 0.00% (As of Mar. 2023)


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What is Cover Technologies Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Cover Technologies's Net Income for the three months ended in Mar. 2023 was C$0.01 Mil. Cover Technologies's Revenue for the three months ended in Mar. 2023 was C$0.00 Mil. Therefore, Cover Technologies's net margin for the quarter that ended in Mar. 2023 was 0.00%.

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


XCNQ:COVE's Net Margin % is not ranked *
in the Metals & Mining industry.
Industry Median: -0.02
* Ranked among companies with meaningful Net Margin % only.

Cover Technologies Net Margin % Historical Data

The historical data trend for Cover Technologies'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.

Cover Technologies Net Margin % Chart

Cover Technologies Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
Net Margin %
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Cover Technologies Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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Competitive Comparison of Cover Technologies's Net Margin %

For the Other Industrial Metals & Mining subindustry, Cover Technologies'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.


Cover Technologies's Net Margin % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Cover Technologies's Net Margin % distribution charts can be found below:

* The bar in red indicates where Cover Technologies's Net Margin % falls into.



Cover Technologies 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.

Cover Technologies's Net Margin for the fiscal year that ended in Sep. 2022 is calculated as

Net Margin=Net Income (A: Sep. 2022 )/Revenue (A: Sep. 2022 )
=-2.36/0
= %

Cover Technologies's Net Margin for the quarter that ended in Mar. 2023 is calculated as

Net Margin=Net Income (Q: Mar. 2023 )/Revenue (Q: Mar. 2023 )
=0.011/0
= %

* 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.


Cover Technologies  (XCNQ:COVE) 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.


Cover Technologies Net Margin % Related Terms

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Cover Technologies (XCNQ:COVE) Business Description

Traded in Other Exchanges
N/A
Address
1055 West Hastings Street, Suite 2380, Vancouver, BC, CAN, V6E 2E9
Cover Technologies Inc is a Canada based company operating in the magnesium products industry. The company's principal business is the development and commercialization of technologies for the processing and production of magnesium metal and related compounds and byproducts and co-products from serpentinite tailings.

Cover Technologies (XCNQ:COVE) Headlines

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