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Hengdian Group Dmegc Magnetics Co (SZSE:002056) Profitability Rank

: 9 (As of Mar. 2024)
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Hengdian Group Dmegc Magnetics Co has the Profitability Rank of 9. It has a higher profitability and may stay that way.

GuruFocus Profitability Rank ranks how profitable a company is and how likely the company's business will stay that way. It is based on these factors:

1. Operating Margin %
2. Piotroski F-Score
3. Trend of the Operating Margin % (5-year average). The company with an uptrend profit margin has a higher rank.
4. Consistency of the profitability
5. Predictability Rank

Hengdian Group Dmegc Magnetics Co's Operating Margin % for the quarter that ended in Mar. 2024 was 7.03%. As of today, Hengdian Group Dmegc Magnetics Co's Piotroski F-Score is 6.


Competitive Comparison

For the Consumer Electronics subindustry, Hengdian Group Dmegc Magnetics Co's Profitability Rank, along with its competitors' market caps and Profitability Rank 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.


Hengdian Group Dmegc Magnetics Co Profitability Rank Distribution

For the Hardware industry and Technology sector, Hengdian Group Dmegc Magnetics Co's Profitability Rank distribution charts can be found below:

* The bar in red indicates where Hengdian Group Dmegc Magnetics Co's Profitability Rank falls into.



Hengdian Group Dmegc Magnetics Co Profitability Rank Calculation

GuruFocus Profitability Rank ranks how profitable a company is and how likely the company's business will stay that way.

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Hengdian Group Dmegc Magnetics Co has the Profitability Rank of 9. It has a higher profitability and may stay that way.

Profitability Rank is not directly related to the Financial Strength. But if a company is consistently profitable, its financial strength will be stronger.

Profitability Rank is based on these factors:

1. Operating Margin %

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Hengdian Group Dmegc Magnetics Co's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=297.656 / 4233.468
=7.03 %

* 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.

2. Piotroski F-Score

The zones of discrimination were as such:

Good or high score = 8 or 9
Bad or low score = 0 or 1

Hengdian Group Dmegc Magnetics Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.

3. Trend of the Operating Margin % (5-year average). The company with an uptrend profit margin has a higher rank.

Warning Sign:

Hengdian Group Dmegc Magnetics Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -2.6%.

4. Consistency of the profitability

5. Predictability Rank


Hengdian Group Dmegc Magnetics Co Profitability Rank Related Terms

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Hengdian Group Dmegc Magnetics Co (SZSE:002056) Business Description

Traded in Other Exchanges
N/A
Address
Hengdian Industrial Zone, Dongyang, Zhejiang, CHN, 322118
Hengdian Group Dmegc Magnetics Co Ltd is a Chinese company engaged in making products based on hard ferrite and magnet soft ferrite cores. The products of the company include hard ferrite magnets, ferrite cores, solar cells, solar modules, rare earth magnets, motor housing, hard alloys, batteries, and flexible copper clad laminate. These products are widely used in the fields of the electronic appliance, automotive, communication and others. In addition, the group is also involved in the business of hotels, mining, health care home, international trade and others. The company exports its products to EU, USA, Japan, South America, South East Asia and other regions.

Hengdian Group Dmegc Magnetics Co (SZSE:002056) Headlines

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