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Sjova-Almennar tryggingar hf (OISE:SJOVA) Net Margin % : 5.03% (As of Mar. 2024)


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What is Sjova-Almennar tryggingar hf Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Sjova-Almennar tryggingar hf's Net Income for the three months ended in Mar. 2024 was kr421 Mil. Sjova-Almennar tryggingar hf's Revenue for the three months ended in Mar. 2024 was kr8,369 Mil. Therefore, Sjova-Almennar tryggingar hf's net margin for the quarter that ended in Mar. 2024 was 5.03%.

The historical rank and industry rank for Sjova-Almennar tryggingar hf's Net Margin % or its related term are showing as below:

OISE:SJOVA' s Net Margin % Range Over the Past 10 Years
Min: 3.6   Med: 11.63   Max: 30.45
Current: 12.59


OISE:SJOVA's Net Margin % is ranked better than
69.18% of 490 companies
in the Insurance industry
Industry Median: 8.255 vs OISE:SJOVA: 12.59

Sjova-Almennar tryggingar hf Net Margin % Historical Data

The historical data trend for Sjova-Almennar tryggingar hf'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.

Sjova-Almennar tryggingar hf Net Margin % Chart

Sjova-Almennar tryggingar hf 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 16.44 21.12 30.45 9.40 13.49

Sjova-Almennar tryggingar hf 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 8.35 -0.95 18.60 23.03 5.03

Competitive Comparison of Sjova-Almennar tryggingar hf's Net Margin %

For the Insurance - Property & Casualty subindustry, Sjova-Almennar tryggingar hf'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.


Sjova-Almennar tryggingar hf's Net Margin % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Sjova-Almennar tryggingar hf's Net Margin % distribution charts can be found below:

* The bar in red indicates where Sjova-Almennar tryggingar hf's Net Margin % falls into.



Sjova-Almennar tryggingar hf 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.

Sjova-Almennar tryggingar hf'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 )
=4625.549/34284.946
=13.49 %

Sjova-Almennar tryggingar hf'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 )
=421.257/8368.792
=5.03 %

* 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.


Sjova-Almennar tryggingar hf  (OISE:SJOVA) 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.


Sjova-Almennar tryggingar hf Net Margin % Related Terms

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Sjova-Almennar tryggingar hf (OISE:SJOVA) Business Description

Traded in Other Exchanges
N/A
Address
Kringlunni 5, Reykjavik, ISL, 103
Sjova-Almennar tryggingar hf is an insurance company. It offers motor vehicle insurance, family and home insurance, life and critical illness insurance, medical cost insurance, life & health insurance in iceland. It also provides fire insurance, commercial property insurance, vessel crew insurance, transport cargo insurance, life- and critical illness insurance, and medical cost insurance.

Sjova-Almennar tryggingar hf (OISE:SJOVA) Headlines

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