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Gulf Cable & Electrical Industries Co KSC (KUW:CABLE) Net Margin % : 42.46% (As of Mar. 2024)


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What is Gulf Cable & Electrical Industries Co KSC Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Gulf Cable & Electrical Industries Co KSC's Net Income for the three months ended in Mar. 2024 was KWD10.45 Mil. Gulf Cable & Electrical Industries Co KSC's Revenue for the three months ended in Mar. 2024 was KWD24.62 Mil. Therefore, Gulf Cable & Electrical Industries Co KSC's net margin for the quarter that ended in Mar. 2024 was 42.46%.

The historical rank and industry rank for Gulf Cable & Electrical Industries Co KSC's Net Margin % or its related term are showing as below:

KUW:CABLE' s Net Margin % Range Over the Past 10 Years
Min: -36.51   Med: 9.1   Max: 23.44
Current: 19.39


KUW:CABLE's Net Margin % is ranked better than
92.61% of 2978 companies
in the Industrial Products industry
Industry Median: 5.21 vs KUW:CABLE: 19.39

Gulf Cable & Electrical Industries Co KSC Net Margin % Historical Data

The historical data trend for Gulf Cable & Electrical Industries 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.

Gulf Cable & Electrical Industries Co KSC Net Margin % Chart

Gulf Cable & Electrical Industries Co KSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.25 7.32 23.44 12.63 20.58

Gulf Cable & Electrical Industries Co KSC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 43.41 17.13 7.16 10.81 42.46

Competitive Comparison of Gulf Cable & Electrical Industries Co KSC's Net Margin %

For the Electrical Equipment & Parts subindustry, Gulf Cable & Electrical Industries 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.


Gulf Cable & Electrical Industries Co KSC's Net Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Gulf Cable & Electrical Industries Co KSC's Net Margin % distribution charts can be found below:

* The bar in red indicates where Gulf Cable & Electrical Industries Co KSC's Net Margin % falls into.



Gulf Cable & Electrical Industries 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.

Gulf Cable & Electrical Industries 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 )
=21.04/102.218
=20.58 %

Gulf Cable & Electrical Industries 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 )
=10.454/24.622
=42.46 %

* 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.


Gulf Cable & Electrical Industries Co KSC  (KUW:CABLE) 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.


Gulf Cable & Electrical Industries Co KSC Net Margin % Related Terms

Thank you for viewing the detailed overview of Gulf Cable & Electrical Industries Co KSC's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Gulf Cable & Electrical Industries Co KSC (KUW:CABLE) Business Description

Traded in Other Exchanges
N/A
Address
Khalaf Al-Ahmar Street, P.O. Box 1196, Sulaibiya Area No. 1, Sulaibiya Industrial Area, Opposite to KPTC Warehouse, Kuwait, KWT, 13012
Gulf Cable & Electrical Industries Co KSC is a manufacturer and supplier of electrical and telephone cables, electrical transformers, switches and distribution panels, and aluminum chips. The group has three operating segments: Cable manufacture; Investment and Rendering services. The Cable manufacture segment contributes the maximum revenue. Its product range includes medium and low voltage power cables, control cables, bare conductors, telephone, communication and instrumentation cables.

Gulf Cable & Electrical Industries Co KSC (KUW:CABLE) Headlines

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