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SIC Insurance Co (XGHA:SIC) Net Margin % : 56.46% (As of Dec. 2021)


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What is SIC Insurance Co Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. SIC Insurance Co's Net Income for the three months ended in Dec. 2021 was GHS49.1 Mil. SIC Insurance Co's Revenue for the three months ended in Dec. 2021 was GHS87.0 Mil. Therefore, SIC Insurance Co's net margin for the quarter that ended in Dec. 2021 was 56.46%.

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


XGHA:SIC's Net Margin % is not ranked *
in the Insurance industry.
Industry Median: 8.25
* Ranked among companies with meaningful Net Margin % only.

SIC Insurance Co Net Margin % Historical Data

The historical data trend for SIC 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.

SIC Insurance Co Net Margin % Chart

SIC Insurance Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.47 6.97 7.55 27.75 7.07

SIC Insurance Co Quarterly Data
Dec15 Dec16 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Dec22
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 20.87 0.02 2.90 56.46 -

Competitive Comparison of SIC Insurance Co's Net Margin %

For the Insurance - Property & Casualty subindustry, SIC 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.


SIC Insurance Co's Net Margin % Distribution in the Insurance Industry

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

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



SIC 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.

SIC Insurance Co's Net Margin for the fiscal year that ended in Dec. 2022 is calculated as

Net Margin=Net Income (A: Dec. 2022 )/Revenue (A: Dec. 2022 )
=17.644/249.675
=7.07 %

SIC Insurance Co's Net Margin for the quarter that ended in Dec. 2021 is calculated as

Net Margin=Net Income (Q: Dec. 2021 )/Revenue (Q: Dec. 2021 )
=49.121/87.005
=56.46 %

* 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.


SIC Insurance Co  (XGHA:SIC) 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.


SIC Insurance Co Net Margin % Related Terms

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SIC Insurance Co (XGHA:SIC) Business Description

Traded in Other Exchanges
N/A
Address
28/29 Ring Road East, Nyemitei House, P. O. Box 2363, Osu, Accra, GHA
SIC Insurance Co Ltd is a Ghana-based insurance company. It offers non-life insurance products including Motor insurance, Fire insurance, Marine and aviation insurance; and Accident insurance. Along with its subsidiaries, the company also issues a diversified portfolio of investment services to provide its customers with asset management solutions for their savings and retirement needs as well as undertaking brokerage services and corporate finance. The firm operates in Ghana. The company generates the majority of its revenue from Fire Insurance.