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Minerva Knitwear (ATH:MIN) Net Margin % : -2.65% (As of Jun. 2023)


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What is Minerva Knitwear Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Minerva Knitwear's Net Income for the six months ended in Jun. 2023 was €-0.21 Mil. Minerva Knitwear's Revenue for the six months ended in Jun. 2023 was €7.77 Mil. Therefore, Minerva Knitwear's net margin for the quarter that ended in Jun. 2023 was -2.65%.

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

ATH:MIN' s Net Margin % Range Over the Past 10 Years
Min: -5.29   Med: -2.11   Max: 4.39
Current: 0.48


ATH:MIN's Net Margin % is ranked worse than
65.96% of 1043 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.55 vs ATH:MIN: 0.48

Minerva Knitwear Net Margin % Historical Data

The historical data trend for Minerva Knitwear'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.

Minerva Knitwear Net Margin % Chart

Minerva Knitwear Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Net Margin %
Get a 7-Day Free Trial -2.93 -2.11 -5.29 4.39 2.35

Minerva Knitwear Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 5.06 3.89 1.61 2.90 -2.65

Competitive Comparison of Minerva Knitwear's Net Margin %

For the Textile Manufacturing subindustry, Minerva Knitwear'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.


Minerva Knitwear's Net Margin % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Minerva Knitwear's Net Margin % distribution charts can be found below:

* The bar in red indicates where Minerva Knitwear's Net Margin % falls into.



Minerva Knitwear 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.

Minerva Knitwear's Net Margin for the fiscal year that ended in Dec. 2022 is calculated as

Net Margin=Net Income (A: Dec. 2022 )/Revenue (A: Dec. 2022 )
=0.414/17.64
=2.35 %

Minerva Knitwear's Net Margin for the quarter that ended in Jun. 2023 is calculated as

Net Margin=Net Income (Q: Jun. 2023 )/Revenue (Q: Jun. 2023 )
=-0.206/7.774
=-2.65 %

* 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.


Minerva Knitwear  (ATH:MIN) 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.


Minerva Knitwear Net Margin % Related Terms

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Minerva Knitwear (ATH:MIN) Business Description

Traded in Other Exchanges
N/A
Address
6th klm Thessaloniki - Oraiokastro, Thessaloniki, GRC, 564 29
Minerva Knitwear SA is engaged in manufacturing, processing and trading of woollen and cotton products, and other textile raw materials. The company's products include men's, women's and children's underwear, men's, women's and children's sleep body-suits-pyjamas, Home-wear clothes for the winter and beachwear for the summer, blouses, T-Shirts, and women's Lingerie.