Fortune Minerals (Fortune Minerals) Net Margin % : 0.00% (As of Dec. 2023)

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What is Fortune Minerals Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Fortune Minerals's Net Income for the three months ended in Dec. 2023 was $-0.61 Mil. Fortune Minerals's Revenue for the three months ended in Dec. 2023 was $0.00 Mil. Therefore, Fortune Minerals's net margin for the quarter that ended in Dec. 2023 was 0.00%.

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

FTMDF's Net Margin % is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.28
* Ranked among companies with meaningful Net Margin % only.

Fortune Minerals Net Margin % Historical Data

The historical data trend for Fortune Minerals'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.

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Fortune Minerals Net Margin % Chart

Fortune Minerals Annual Data

Trend

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Dec23

Net Margin %

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Fortune Minerals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Net Margin %	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Fortune Minerals's Net Margin %

For the Other Industrial Metals & Mining subindustry, Fortune Minerals'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.

Fortune Minerals's Net Margin % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Fortune Minerals's Net Margin % distribution charts can be found below:

* The bar in red indicates where Fortune Minerals's Net Margin % falls into.

Fortune Minerals 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.

Fortune Minerals'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 )
	=	-2.125	/	0
	=	%

Fortune Minerals's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	-0.611	/	0
	=	%

Fortune Minerals (OTCPK:FTMDF) 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.

Fortune Minerals Net Margin % Related Terms

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Fortune Minerals (Fortune Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fortune Minerals Ltd (OTCPK:FTMDF) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

FT:Canada

Address

617 Wellington Street, London, ON, CAN, N6A 3R6

Website

https://www.fortuneminerals.com

Fortune Minerals Ltd is a Canadian mining and mine development company focused on developing the NICO Cobalt-Gold-Bismuth Copper Project in the Northwest Territories. The company plans to build a hydrometallurgical plant in southern Canada to process NICO metal concentrates. It also owns the satellite Sue-Dianne Copper-Silver-Gold Deposit located 25 km north of the NICO Project, which is a potential future source of incremental mill feed to extend the life.