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Morrow Bank ASA (OSL:MOBA) Net Margin % : 14.77% (As of Mar. 2024)


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What is Morrow Bank ASA Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Morrow Bank ASA's Net Income for the three months ended in Mar. 2024 was kr44 Mil. Morrow Bank ASA's Revenue for the three months ended in Mar. 2024 was kr296 Mil. Therefore, Morrow Bank ASA's net margin for the quarter that ended in Mar. 2024 was 14.77%.

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

OSL:MOBA' s Net Margin % Range Over the Past 10 Years
Min: -23.82   Med: 17.26   Max: 38.6
Current: 13.96


OSL:MOBA's Net Margin % is ranked worse than
79.45% of 1460 companies
in the Banks industry
Industry Median: 25.15 vs OSL:MOBA: 13.96

Morrow Bank ASA Net Margin % Historical Data

The historical data trend for Morrow Bank ASA'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.

Morrow Bank ASA Net Margin % Chart

Morrow Bank ASA 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 17.26 23.88 -23.82 0.11 14.41

Morrow Bank ASA 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 17.01 15.33 13.50 12.27 14.77

Competitive Comparison of Morrow Bank ASA's Net Margin %

For the Banks - Regional subindustry, Morrow Bank ASA'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.


Morrow Bank ASA's Net Margin % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Morrow Bank ASA's Net Margin % distribution charts can be found below:

* The bar in red indicates where Morrow Bank ASA's Net Margin % falls into.



Morrow Bank ASA 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.

Morrow Bank ASA'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 )
=151.9/1053.9
=14.41 %

Morrow Bank ASA'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 )
=43.7/295.9
=14.77 %

* 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.


Morrow Bank ASA  (OSL:MOBA) 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.


Morrow Bank ASA Net Margin % Related Terms

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Morrow Bank ASA (OSL:MOBA) Business Description

Traded in Other Exchanges
Address
Vollsveien 2A, Lysaker, NOR, 1366
Morrow Bank ASA is a Norwegian bank offering convenient payment and financing products to consumers. It is a focused Nordic digital niche bank offering personal loans, credit cards, deposit accounts, and online point-of-sales finance products to consumers.

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