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TruTrace Technologies (XCNQ:TTT) Net Margin % : -569.23% (As of Jan. 2023)


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What is TruTrace Technologies Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. TruTrace Technologies's Net Income for the three months ended in Jan. 2023 was C$-0.15 Mil. TruTrace Technologies's Revenue for the three months ended in Jan. 2023 was C$0.03 Mil. Therefore, TruTrace Technologies's net margin for the quarter that ended in Jan. 2023 was -569.23%.

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


XCNQ:TTT's Net Margin % is not ranked *
in the Software industry.
Industry Median: 2.71
* Ranked among companies with meaningful Net Margin % only.

TruTrace Technologies Net Margin % Historical Data

The historical data trend for TruTrace Technologies'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.

TruTrace Technologies Net Margin % Chart

TruTrace Technologies Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Apr19 Apr20 Apr21 Apr22
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - -147,730.00 -1,151.12 -994.48 -1,978.81

TruTrace Technologies Quarterly Data
Mar18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23
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 -505.45 -10,457.14 -6,475.00 -244.44 -569.23

Competitive Comparison of TruTrace Technologies's Net Margin %

For the Software - Application subindustry, TruTrace Technologies'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.


TruTrace Technologies's Net Margin % Distribution in the Software Industry

For the Software industry and Technology sector, TruTrace Technologies's Net Margin % distribution charts can be found below:

* The bar in red indicates where TruTrace Technologies's Net Margin % falls into.


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TruTrace Technologies 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.

TruTrace Technologies's Net Margin for the fiscal year that ended in Apr. 2022 is calculated as

Net Margin=Net Income (A: Apr. 2022 )/Revenue (A: Apr. 2022 )
=-2.335/0.118
=-1,978.81 %

TruTrace Technologies's Net Margin for the quarter that ended in Jan. 2023 is calculated as

Net Margin=Net Income (Q: Jan. 2023 )/Revenue (Q: Jan. 2023 )
=-0.148/0.026
=-569.23 %

* 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.


TruTrace Technologies  (XCNQ:TTT) 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.


TruTrace Technologies Net Margin % Related Terms

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TruTrace Technologies Business Description

Traded in Other Exchanges
N/A
Address
61 Regal Road, Toronto, ON, CAN, M6H 2J6
TruTrace Technologies Inc is the developer of fully integrated software, secured on a blockchain infrastructure, that gives clients' the ability to store, manage, share and immediately access quality assurance and testing details, COAs, as well as motion and movement intelligence on inventory. The platform was specifically designed to power the traceability of testing standards within the legal cannabis, nutraceutical, food and pharmaceutical space with a focus on the authentication of source materials or ingredients used in formulation.
Executives
Cesare Fazari Director
Thomas Dermonte Stephenson Senior Officer
Michael Kraft Director

TruTrace Technologies Headlines

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