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EcoSynthetix (TSX:ECO) Profitability Rank : 3 (As of Mar. 2024)


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What is EcoSynthetix Profitability Rank?

EcoSynthetix has the Profitability Rank of 3. It has had trouble to make a profit.

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

EcoSynthetix's Operating Margin % for the quarter that ended in Mar. 2024 was -22.10%. As of today, EcoSynthetix's Piotroski F-Score is 6.


Competitive Comparison of EcoSynthetix's Profitability Rank

For the Specialty Chemicals subindustry, EcoSynthetix'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.


EcoSynthetix's Profitability Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, EcoSynthetix's Profitability Rank distribution charts can be found below:

* The bar in red indicates where EcoSynthetix's Profitability Rank falls into.



EcoSynthetix 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.

EcoSynthetix has the Profitability Rank of 3. It has had trouble to make a profit.

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.

EcoSynthetix'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 )
=-1.402 / 6.343
=-22.10 %

* 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

EcoSynthetix 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:

EcoSynthetix Inc operating margin has been in a 5-year decline. The average rate of decline per year is -14.3%.

4. Consistency of the profitability

5. Predictability Rank


EcoSynthetix Profitability Rank Related Terms

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EcoSynthetix (TSX:ECO) Business Description

Traded in Other Exchanges
Address
3365 Mainway, Burlington, ON, CAN, L7M 1A6
EcoSynthetix Inc is a renewable chemicals company. It is engaged in the development and commercialization of ecologically friendly bio-based technologies as replacement solutions for synthetic, petrochemical-based adhesives and other related products. The company operates in one reportable segment and generates revenue primarily from its biopolymer nanosphere technology platform. Its products include EcoSphere biolatex and DuraBindTM biopolymers. EcoSphere biolatex binders are used by manufacturers within the coated paper and paperboard industry, whereas the DuraBindTM is used in the production of wood composite panels. Geographically it has a business presence in the America, Africa (EMEA), and the Asia Pacific.

EcoSynthetix (TSX:ECO) Headlines

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