New Momentum (New Momentum) Net Margin % : 687.50% (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is New Momentum Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. New Momentum's Net Income for the three months ended in Dec. 2023 was $-0.17 Mil. New Momentum's Revenue for the three months ended in Dec. 2023 was $-0.02 Mil. Therefore, New Momentum's net margin for the quarter that ended in Dec. 2023 was 687.50%.

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

NNAX' s Net Margin % Range Over the Past 10 Years
Min: -1743.28 Med: -122.14 Max: -20.54
Current: -223.2

NNAX's Net Margin % is ranked worse than
96.6% of 823 companies
in the Travel & Leisure industry
Industry Median: 4.73 vs NNAX: -223.20

New Momentum Net Margin % Historical Data

The historical data trend for New Momentum'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.

New Momentum Net Margin % Chart

New Momentum Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Net Margin %

-1,743.28

-22.29

-20.54

-221.98

New Momentum Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Net Margin %	Get a 7-Day Free Trial														-25.86	-71.77	-148.21	-268.00	687.50

Competitive Comparison of New Momentum's Net Margin %

For the Travel Services subindustry, New Momentum'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.

New Momentum's Net Margin % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, New Momentum's Net Margin % distribution charts can be found below:

* The bar in red indicates where New Momentum's Net Margin % falls into.

New Momentum 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.

New Momentum'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 )
	=	-0.404	/	0.182
	=	-221.98 %

New Momentum'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 )
	=	-0.165	/	-0.024
	=	687.50 %

New Momentum (OTCPK:NNAX) 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.

New Momentum Net Margin % Related Terms

Thank you for viewing the detailed overview of New Momentum's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

New Momentum (New Momentum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » New Momentum Corp (OTCPK:NNAX) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

150 Cecil Street, No.08-01, Singapore, SGP, 069543

Website

https://www.gagfare.com

New Momentum Corp develops and operates an online ticketing platform named Gagfare.com, which provides a ticketing system for individuals and agencies to search, book, and issue flight tickets and other services. It also offers its services through its app. The company records its revenue from booking income upon the ticket booking service is rendered to travelers. It also records its revenue from the sale of air tickets upon the confirmation and issuance of tickets to the travelers.

Executives

Leung Tin Lung David	director, 10 percent owner, officer: President, Sec. and Treasurer	112 NORTH CURRY STREET, CARSON CITY NV 89703
Kin Hon Chu	director, 10 percent owner	UNIT 19, 35/F., TOWER 1, MILLENNIUM CITY 1, NO. 388 KWUN TONG ROA, KWUN TONG, KOWLOON K3 00000
Michael Vardakis	director	234 7TH AVE, SALT LAKE CITY UT 84103
Amee Han Lombardi	director, 10 percent owner, officer: Pres; Sec; Treasurer	5925 STARCREST AVENUE, RENO NV 89523

New Momentum (New Momentum) Headlines

No Headlines