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ForteBank JSC (XKAZ:ASBN) Net Margin % : 53.47% (As of Mar. 2024)


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What is ForteBank JSC Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. ForteBank JSC's Net Income for the three months ended in Mar. 2024 was ₸34,571 Mil. ForteBank JSC's Revenue for the three months ended in Mar. 2024 was ₸64,654 Mil. Therefore, ForteBank JSC's net margin for the quarter that ended in Mar. 2024 was 53.47%.

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

XKAZ:ASBN' s Net Margin % Range Over the Past 10 Years
Min: 12.03   Med: 37.59   Max: 3075.3
Current: 47.75


XKAZ:ASBN's Net Margin % is ranked better than
92.85% of 1455 companies
in the Banks industry
Industry Median: 25.27 vs XKAZ:ASBN: 47.75

ForteBank JSC Net Margin % Historical Data

The historical data trend for ForteBank JSC'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.

ForteBank JSC Net Margin % Chart

ForteBank JSC 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 37.20 34.51 47.38 48.47 46.69

ForteBank JSC 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 49.90 50.13 45.97 41.96 53.47

Competitive Comparison of ForteBank JSC's Net Margin %

For the Banks - Regional subindustry, ForteBank JSC'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.


ForteBank JSC's Net Margin % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, ForteBank JSC's Net Margin % distribution charts can be found below:

* The bar in red indicates where ForteBank JSC's Net Margin % falls into.



ForteBank JSC 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.

ForteBank JSC'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 )
=116437/249389
=46.69 %

ForteBank JSC'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 )
=34571/64654
=53.47 %

* 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.


ForteBank JSC  (XKAZ:ASBN) 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.


ForteBank JSC Net Margin % Related Terms

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ForteBank JSC (XKAZ:ASBN) Business Description

Traded in Other Exchanges
N/A
Address
Dostyk Street, 8/1, Astana, KAZ, 010017
ForteBank JSC is a commercial bank based in Kazakhstan. It is a result of the merger of OJSC Semipalatinsk Municipal Joint Stock Bank and OJSC Irtyshbusinessbank. ForteBank's core services involve the provision of banking services to individuals and corporates. Its customers can also avail insurance coverage for deposits, depending upon a number of deposits. The group's primary business is related to commercial banking activities, granting of loans and guarantees, accepting deposits, exchanging foreign currencies, dealing with securities, transferring cash payments, as well as providing other banking services.

ForteBank JSC (XKAZ:ASBN) Headlines

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