Okeanis Eco Tankers (Okeanis Eco Tankers) Net Margin % : 21.84% (As of Sep. 2023)

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What is Okeanis Eco Tankers Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Okeanis Eco Tankers's Net Income for the three months ended in Sep. 2023 was $19.4 Mil. Okeanis Eco Tankers's Revenue for the three months ended in Sep. 2023 was $89.1 Mil. Therefore, Okeanis Eco Tankers's net margin for the quarter that ended in Sep. 2023 was 21.84%.

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

ECO' s Net Margin % Range Over the Past 10 Years
Min: -0.53 Med: 20.06 Max: 39.84
Current: 39.84

ECO's Net Margin % is ranked better than
95.37% of 972 companies
in the Transportation industry
Industry Median: 5.47 vs ECO: 39.84

Okeanis Eco Tankers Net Margin % Historical Data

The historical data trend for Okeanis Eco Tankers'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.

Okeanis Eco Tankers Net Margin % Chart

Okeanis Eco Tankers Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Net Margin %

8.91

35.82

-0.53

31.21

Okeanis Eco Tankers Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Net Margin %	Get a 7-Day Free Trial															27.32	43.93	45.85	44.19	21.84

Competitive Comparison of Okeanis Eco Tankers's Net Margin %

For the Marine Shipping subindustry, Okeanis Eco Tankers'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.

Okeanis Eco Tankers's Net Margin % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Okeanis Eco Tankers's Net Margin % distribution charts can be found below:

* The bar in red indicates where Okeanis Eco Tankers's Net Margin % falls into.

Okeanis Eco Tankers 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.

Okeanis Eco Tankers'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 )
	=	84.56	/	270.972
	=	31.21 %

Okeanis Eco Tankers'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 )
	=	19.449	/	89.066
	=	21.84 %

Okeanis Eco Tankers (NYSE:ECO) 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.

Okeanis Eco Tankers Net Margin % Related Terms

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Okeanis Eco Tankers (Okeanis Eco Tankers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Okeanis Eco Tankers Corp (NYSE:ECO) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

OETo:Sweden OET:Norway OETo:UK 7OK:Germany 7OK:Germany

Address

Ethnarchou Makariou av, & 2 D. Falireos street, Neo Faliro, Piraeus, GRC, 18547

Website

https://www.okeanisecotankers.com

Okeanis Eco Tankers Corp owns and operates tanker vessels in Greece. The business of the company is to own, charter out, and operate tanker vessels. The company owns, through its vessel-owning subsidiaries, a fleet of around seven tanker vessels and has around eight tanker vessels on order. The sailing fleet consists of around six modern Suezmax tankers, and eight VLCC tankers.