Cia Energetica DE Minas Gerais - Cemig (Cia Energetica DE Minas Gerais - Cemig) Net Margin %

: 13.13% (As of Sep. 2023)

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Net margin is calculated as Net Income divided by its Revenue. Cia Energetica DE Minas Gerais - Cemig's Net Income for the three months ended in Sep. 2023 was $251 Mil. Cia Energetica DE Minas Gerais - Cemig's Revenue for the three months ended in Sep. 2023 was $1,909 Mil. Therefore, Cia Energetica DE Minas Gerais - Cemig's net margin for the quarter that ended in Sep. 2023 was 13.13%.

The historical rank and industry rank for Cia Energetica DE Minas Gerais - Cemig's Net Margin % or its related term are showing as below:

CIG' s Net Margin % Range Over the Past 10 Years
Min: 1.78 Med: 11.32 Max: 21.22
Current: 14.65

CIG's Net Margin % is ranked better than
75.29% of 514 companies
in the Utilities - Regulated industry
Industry Median: 7.975 vs CIG: 14.65

Cia Energetica DE Minas Gerais - Cemig Net Margin % Historical Data

The historical data trend for Cia Energetica DE Minas Gerais - Cemig'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 Energetica DE Minas Gerais - Cemig Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Net Margin %

7.72

12.53

11.35

11.15

11.87

Cia Energetica DE Minas Gerais - Cemig Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Net Margin %																12.82	15.31	16.17	14.11	13.13

Competitive Comparison

For the Utilities - Diversified subindustry, Cia Energetica DE Minas Gerais - Cemig'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 Energetica DE Minas Gerais - Cemig Net Margin % Distribution

For the Utilities - Regulated industry and Utilities sector, Cia Energetica DE Minas Gerais - Cemig's Net Margin % distribution charts can be found below:

* The bar in red indicates where Cia Energetica DE Minas Gerais - Cemig's Net Margin % falls into.

Cia Energetica DE Minas Gerais - Cemig 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 Energetica DE Minas Gerais - Cemig'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 )
	=	780.112	/	6570.138
	=	11.87 %

Cia Energetica DE Minas Gerais - Cemig's Net Margin for the quarter that ended in Sep. 2023 is calculated as

Net Margin	=	Net Income (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	250.533	/	1908.727
	=	13.13 %

Cia Energetica DE Minas Gerais - Cemig (NYSE:CIG) 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 Energetica DE Minas Gerais - Cemig Net Margin % Related Terms

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Cia Energetica DE Minas Gerais - Cemig (Cia Energetica DE Minas Gerais - Cemig) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Cia Energetica DE Minas Gerais - Cemig (NYSE:CIG) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

CIG.C:USA CIGN:Mexico XCMIG:Spain CIDS:Germany CIDA:Germany CID:Germany CIDA:Germany CID:Germany CMIG4:Brazil CMIG3:Brazil

Address

Avenida Barbacena, 1200, Belo Horizonte, MG, BRA, 30190-131

Website

https://www.cemig.com.br

Cia Energetica DE Minas Gerais - Cemig Formerly Energy Company of Minas Gerais is a Brazilian power company that generates, transmits, and distributes electricity. As one of the largest power companies in Brazil, the firm operates across most Brazilian states and Chile. The company has various subsidiaries and operates chiefly through its generation, transmission, distribution, and gas segments. The majority of the company's revenue is derived from electricity sales to consumers. The company generates power primarily through hydroelectric resources and secondarily through thermal and wind resources.