Shenzhen Inovance Technology Co (SZSE:300124) Net Margin % : 12.49% (As of Mar. 2024)

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What is Shenzhen Inovance Technology Co Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Shenzhen Inovance Technology Co's Net Income for the three months ended in Mar. 2024 was ¥811 Mil. Shenzhen Inovance Technology Co's Revenue for the three months ended in Mar. 2024 was ¥6,492 Mil. Therefore, Shenzhen Inovance Technology Co's net margin for the quarter that ended in Mar. 2024 was 12.49%.

The historical rank and industry rank for Shenzhen Inovance Technology Co's Net Margin % or its related term are showing as below:

SZSE:300124' s Net Margin % Range Over the Past 10 Years
Min: 12.88 Med: 19.89 Max: 29.71
Current: 14.96

SZSE:300124's Net Margin % is ranked better than
86.31% of 2973 companies
in the Industrial Products industry
Industry Median: 5.21 vs SZSE:300124: 14.96

Shenzhen Inovance Technology Co Net Margin % Historical Data

The historical data trend for Shenzhen Inovance Technology Co'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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Shenzhen Inovance Technology Co Net Margin % Chart

Shenzhen Inovance Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Margin %

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12.88

18.24

19.92

18.77

15.59

Shenzhen Inovance Technology Co 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															15.63	17.34	16.20	13.81	12.49

Competitive Comparison of Shenzhen Inovance Technology Co's Net Margin %

For the Electrical Equipment & Parts subindustry, Shenzhen Inovance Technology Co'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.

Shenzhen Inovance Technology Co's Net Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shenzhen Inovance Technology Co's Net Margin % distribution charts can be found below:

* The bar in red indicates where Shenzhen Inovance Technology Co's Net Margin % falls into.

Shenzhen Inovance Technology Co 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.

Shenzhen Inovance Technology Co'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 )
	=	4741.863	/	30419.925
	=	15.59 %

Shenzhen Inovance Technology Co'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 )
	=	811.139	/	6492.396
	=	12.49 %

Shenzhen Inovance Technology Co (SZSE:300124) 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.

Shenzhen Inovance Technology Co Net Margin % Related Terms

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Shenzhen Inovance Technology Co (SZSE:300124) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Inovance Technology Co Ltd (SZSE:300124) » Definitions » Net Margin %

Traded in Other Exchanges

N/A

Address

Liuxian Road No. 70, Building E, Hongwei Industrial Park, Baocheng District, Shenzhen, CHN, 518101

Website

http://www.inovance.cn

Founded in 2003 by a group of ex-engineers from Huawei and Emerson, Shenzhen Inovance Technology develops and manufactures components used in elevators, automation equipment, robots, new energy vehicles, and railways. A partial list of products includes variable frequency drives--also known as inverters--servo systems, sensors, interfaces and motor controllers. Inovance employs about 20,000 staff, including over 4,700 research and development engineers. About 95% of Inovance's sales are made in China. Its headquarters are in Shenzhen with a large regional office in Suzhou, and these major offices are supported by over 10 branches across China.

Shenzhen Inovance Technology Co (SZSE:300124) Headlines

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