ReadyTech Holdings (ASX:RDY) Net Margin % : 3.85% (As of Dec. 2023)

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What is ReadyTech Holdings Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. ReadyTech Holdings's Net Income for the six months ended in Dec. 2023 was A$2.1 Mil. ReadyTech Holdings's Revenue for the six months ended in Dec. 2023 was A$54.7 Mil. Therefore, ReadyTech Holdings's net margin for the quarter that ended in Dec. 2023 was 3.85%.

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

ASX:RDY' s Net Margin % Range Over the Past 10 Years
Min: -4.56 Med: 4.82 Max: 11.23
Current: 5.74

ASX:RDY's Net Margin % is ranked better than
64.88% of 2762 companies
in the Software industry
Industry Median: 1.715 vs ASX:RDY: 5.74

ReadyTech Holdings Net Margin % Historical Data

The historical data trend for ReadyTech Holdings'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.

ReadyTech Holdings Net Margin % Chart

ReadyTech Holdings Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Net Margin %

-4.56

10.04

4.31

11.23

4.82

ReadyTech Holdings Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Net Margin %	Get a 7-Day Free Trial						16.28	7.00	1.59	7.60	3.85

Competitive Comparison of ReadyTech Holdings's Net Margin %

For the Software - Application subindustry, ReadyTech Holdings'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.

ReadyTech Holdings's Net Margin % Distribution in the Software Industry

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

* The bar in red indicates where ReadyTech Holdings's Net Margin % falls into.

ReadyTech Holdings 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.

ReadyTech Holdings's Net Margin for the fiscal year that ended in Jun. 2023 is calculated as

Net Margin	=	Net Income (A: Jun. 2023 )	/	Revenue (A: Jun. 2023 )
	=	4.975	/	103.306
	=	4.82 %

ReadyTech Holdings's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	2.109	/	54.726
	=	3.85 %

ReadyTech Holdings (ASX:RDY) 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.

ReadyTech Holdings Net Margin % Related Terms

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ReadyTech Holdings (ASX:RDY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ReadyTech Holdings Ltd (ASX:RDY) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 King Street, Level 2, Sydney, NSW, AUS, 2000

Website

https://www.readytech.com.au

ReadyTech Holdings Ltd is a provider of people management software for educators, employers, and facilitators of career transitions. Its products are JR Plus, A2E, HR3, ePayroll, JR Gov, Aussiepay, and others. The company's operating segments include Education and Work pathways, Workforce Solutions, and Government and Justice. It generates maximum revenue from the Education segment. The education segment mainly provides products and services to tertiary education providers. Its Workforce segment provides products and services to a mid-sized company across various industries. The Government division provides government and justice case management software as a service solution to local governments, state governments and justice departments.