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Sparebanken Vest AS (OSL:SVEG) Net Margin % : 71.70% (As of Mar. 2024)


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What is Sparebanken Vest AS Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Sparebanken Vest AS's Net Income for the three months ended in Mar. 2024 was kr1,224 Mil. Sparebanken Vest AS's Revenue for the three months ended in Mar. 2024 was kr1,707 Mil. Therefore, Sparebanken Vest AS's net margin for the quarter that ended in Mar. 2024 was 71.70%.

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

OSL:SVEG' s Net Margin % Range Over the Past 10 Years
Min: 37.25   Med: 51.32   Max: 60.86
Current: 60.54


OSL:SVEG's Net Margin % is ranked better than
97.94% of 1459 companies
in the Banks industry
Industry Median: 25.06 vs OSL:SVEG: 60.54

Sparebanken Vest AS Net Margin % Historical Data

The historical data trend for Sparebanken Vest AS'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.

Sparebanken Vest AS Net Margin % Chart

Sparebanken Vest AS 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 53.28 55.35 60.86 56.42 58.29

Sparebanken Vest AS Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 63.27 55.42 56.04 57.85 71.70

Competitive Comparison of Sparebanken Vest AS's Net Margin %

For the Banks - Regional subindustry, Sparebanken Vest AS'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.


Sparebanken Vest AS's Net Margin % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Sparebanken Vest AS's Net Margin % distribution charts can be found below:

* The bar in red indicates where Sparebanken Vest AS's Net Margin % falls into.



Sparebanken Vest AS 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.

Sparebanken Vest AS'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 )
=3545/6082
=58.29 %

Sparebanken Vest AS's Net Margin for the quarter that ended in Mar. 2024 is calculated as

Net Margin=Net Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=1224/1707
=71.70 %

* 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.


Sparebanken Vest AS  (OSL:SVEG) 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.


Sparebanken Vest AS Net Margin % Related Terms

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Sparebanken Vest AS (OSL:SVEG) Business Description

Traded in Other Exchanges
Address
Jonsvollsgaten 2, Bergen, NOR, NO-5011
Sparebanken Vest AS is a financial services company engaged in providing banking and financial services to private and corporate sectors. The company's operating segments are the Corporate Market (CM), the Retail Market (RM), Bulder Bank, Treasury, and Estate Agency activities in which its Retail market segment generates the majority of its revenue.

Sparebanken Vest AS (OSL:SVEG) Headlines

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