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CIA Tecidos Norte De Minas COTEMINAS (BSP:CTNM3) Net Margin % : -117.27% (As of Jun. 2024)


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What is CIA Tecidos Norte De Minas COTEMINAS Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. CIA Tecidos Norte De Minas COTEMINAS's Net Income for the three months ended in Jun. 2024 was R$-105.0 Mil. CIA Tecidos Norte De Minas COTEMINAS's Revenue for the three months ended in Jun. 2024 was R$89.5 Mil. Therefore, CIA Tecidos Norte De Minas COTEMINAS's net margin for the quarter that ended in Jun. 2024 was -117.27%.

The historical rank and industry rank for CIA Tecidos Norte De Minas COTEMINAS's Net Margin % or its related term are showing as below:


BSP:CTNM3's Net Margin % is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 2.765
* Ranked among companies with meaningful Net Margin % only.

CIA Tecidos Norte De Minas COTEMINAS Net Margin % Historical Data

The historical data trend for CIA Tecidos Norte De Minas COTEMINAS'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.

CIA Tecidos Norte De Minas COTEMINAS Net Margin % Chart

CIA Tecidos Norte De Minas COTEMINAS 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 -3.01 -10.60 -3.70 -24.74 -88.79

CIA Tecidos Norte De Minas COTEMINAS Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 -164.38 -55.05 -61.66 -103.81 -117.27

Competitive Comparison of CIA Tecidos Norte De Minas COTEMINAS's Net Margin %

For the Textile Manufacturing subindustry, CIA Tecidos Norte De Minas COTEMINAS'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.


CIA Tecidos Norte De Minas COTEMINAS's Net Margin % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, CIA Tecidos Norte De Minas COTEMINAS's Net Margin % distribution charts can be found below:

* The bar in red indicates where CIA Tecidos Norte De Minas COTEMINAS's Net Margin % falls into.


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CIA Tecidos Norte De Minas COTEMINAS 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.

CIA Tecidos Norte De Minas COTEMINAS'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 )
=-687.71/774.501
=-88.79 %

CIA Tecidos Norte De Minas COTEMINAS's Net Margin for the quarter that ended in Jun. 2024 is calculated as

Net Margin=Net Income (Q: Jun. 2024 )/Revenue (Q: Jun. 2024 )
=-104.981/89.522
=-117.27 %

* 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.


CIA Tecidos Norte De Minas COTEMINAS  (BSP:CTNM3) 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.


CIA Tecidos Norte De Minas COTEMINAS Net Margin % Related Terms

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CIA Tecidos Norte De Minas COTEMINAS Business Description

Traded in Other Exchanges
N/A
Address
Avenida Lincoln Alves Dos Santos. 955, Montes Claros, MG, BRA, 39404005
CIA Tecidos Norte De Minas COTEMINAS is engaged in the production and marketing of yarns and fabrics. The company through its subsidiaries is engaged in textile and related industries manufacturing and selling clothing apparel which includes professional uniforms, accessories, and personal protective equipment for occupational safety. Business operates in segments being Wholesale which is a key revenue driver, Retail and Denim.

CIA Tecidos Norte De Minas COTEMINAS Headlines

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