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Ali Alghanim Sons Automotive Co KSC (KUW:ALG) Net Margin % : 9.84% (As of Mar. 2024)


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What is Ali Alghanim Sons Automotive Co KSC Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Ali Alghanim Sons Automotive Co KSC's Net Income for the three months ended in Mar. 2024 was KWD6.3 Mil. Ali Alghanim Sons Automotive Co KSC's Revenue for the three months ended in Mar. 2024 was KWD64.2 Mil. Therefore, Ali Alghanim Sons Automotive Co KSC's net margin for the quarter that ended in Mar. 2024 was 9.84%.

The historical rank and industry rank for Ali Alghanim Sons Automotive Co KSC's Net Margin % or its related term are showing as below:

KUW:ALG' s Net Margin % Range Over the Past 10 Years
Min: 8.68   Med: 9.95   Max: 10.9
Current: 10.9


KUW:ALG's Net Margin % is ranked better than
86.06% of 1284 companies
in the Vehicles & Parts industry
Industry Median: 3.355 vs KUW:ALG: 10.90

Ali Alghanim Sons Automotive Co KSC Net Margin % Historical Data

The historical data trend for Ali Alghanim Sons Automotive Co KSC'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.

Ali Alghanim Sons Automotive Co KSC Net Margin % Chart

Ali Alghanim Sons Automotive Co KSC Annual Data
Trend Dec21 Dec22 Dec23
Net Margin %
8.68 9.95 10.84

Ali Alghanim Sons Automotive Co KSC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.49 11.64 10.88 11.23 9.84

Competitive Comparison of Ali Alghanim Sons Automotive Co KSC's Net Margin %

For the Auto & Truck Dealerships subindustry, Ali Alghanim Sons Automotive Co KSC'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.


Ali Alghanim Sons Automotive Co KSC's Net Margin % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Ali Alghanim Sons Automotive Co KSC's Net Margin % distribution charts can be found below:

* The bar in red indicates where Ali Alghanim Sons Automotive Co KSC's Net Margin % falls into.



Ali Alghanim Sons Automotive Co KSC 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.

Ali Alghanim Sons Automotive Co KSC's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin=Net Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=28.481/262.785
=10.84 %

Ali Alghanim Sons Automotive Co KSC's Net Margin for the quarter that ended in Mar. 2024 is calculated as

Net Margin=Net Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=6.317/64.227
=9.84 %

* 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.


Ali Alghanim Sons Automotive Co KSC  (KUW:ALG) 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.


Ali Alghanim Sons Automotive Co KSC Net Margin % Related Terms

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Ali Alghanim Sons Automotive Co KSC (KUW:ALG) Business Description

Traded in Other Exchanges
N/A
Address
Airport Road 55, P.O. Box 21540, Safat, Opposite Kaifan Telecommunication, Shuwaikh, KWT, 13076
Ali Alghanim Sons Automotive Co KSC is engaged in the automotive business. The Primary Activities of the Company are selling and purchasing cars and spare parts, importing and exporting light and heavy vehicles and cars, renting cars, maintaining light & heavy vehicles and cars, trading auto spare parts, and renting equipment and their maintenance. The Group is divided into four main geographical segments which are the State of Kuwait, Iraq, Egypt and the United Arab Emirates. The majority is derived from Kuwait.