Sumitomo Mitsui Financial Group (Sumitomo Mitsui Financial Group) Net Margin %

: 24.94% (As of Dec. 2023)

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Net margin is calculated as Net Income divided by its Revenue. Sumitomo Mitsui Financial Group's Net Income for the three months ended in Dec. 2023 was $1,850 Mil. Sumitomo Mitsui Financial Group's Revenue for the three months ended in Dec. 2023 was $7,419 Mil. Therefore, Sumitomo Mitsui Financial Group's net margin for the quarter that ended in Dec. 2023 was 24.94%.

The historical rank and industry rank for Sumitomo Mitsui Financial Group's Net Margin % or its related term are showing as below:

SMFG' s Net Margin % Range Over the Past 10 Years
Min: 15.46 Med: 17.4 Max: 22.75
Current: 20.9

SMFG's Net Margin % is ranked worse than
64.84% of 1459 companies
in the Banks industry
Industry Median: 25.5 vs SMFG: 20.90

Sumitomo Mitsui Financial Group Net Margin % Historical Data

The historical data trend for Sumitomo Mitsui Financial Group'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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Sumitomo Mitsui Financial Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Net Margin %

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16.84

22.75

16.81

20.64

21.67

Sumitomo Mitsui Financial Group 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															27.13	4.66	24.55	26.48	24.94

Competitive Comparison

For the Banks - Diversified subindustry, Sumitomo Mitsui Financial Group'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.

Sumitomo Mitsui Financial Group Net Margin % Distribution

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

* The bar in red indicates where Sumitomo Mitsui Financial Group's Net Margin % falls into.

Sumitomo Mitsui Financial Group 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.

Sumitomo Mitsui Financial Group's Net Margin for the fiscal year that ended in Mar. 2023 is calculated as

Net Margin	=	Net Income (A: Mar. 2023 )	/	Revenue (A: Mar. 2023 )
	=	6028.85	/	27826.854
	=	21.67 %

Sumitomo Mitsui Financial Group'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 )
	=	1850.043	/	7419.377
	=	24.94 %

Sumitomo Mitsui Financial Group (NYSE:SMFG) 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.

Sumitomo Mitsui Financial Group Net Margin % Related Terms

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Sumitomo Mitsui Financial Group (Sumitomo Mitsui Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

SMFNF:USA SMFG:Mexico 8316:Japan 8316:Japan XMF:Germany XMFA:Germany XMF:Germany S1MF34:Brazil

Address

1-2, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-0005

Website

https://www.smfg.co.jp

Sumitomo Mitsui Financial Group is roughly tied with Mizuho Financial Group for the status of Japan's second-largest bank after Mitsubishi UFJ Financial Group. As of March 2023, its market share of domestic loans was 7.1%, compared with 8.1% for MUFG. It has a larger consumer finance business than the other two megabanks, owning 100% of the Promise business and SMBC Card. It also controls one of Japan's largest leasing companies and SMBC Aviation Capital, one of the top five aircraft lessors globally. In securities, its SMBC Nikko unit is Japan's third-largest retail broker, although SMFG has lagged somewhat in institutional securities business and asset management.