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Sparebanken More (OSL:MORG) Net Margin % : 43.94% (As of Mar. 2024)


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What is Sparebanken More Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Sparebanken More's Net Income for the three months ended in Mar. 2024 was kr254 Mil. Sparebanken More's Revenue for the three months ended in Mar. 2024 was kr578 Mil. Therefore, Sparebanken More's net margin for the quarter that ended in Mar. 2024 was 43.94%.

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

OSL:MORG' s Net Margin % Range Over the Past 10 Years
Min: 37.6   Med: 42.26   Max: 48.5
Current: 48.5


OSL:MORG's Net Margin % is ranked better than
93.49% of 1460 companies
in the Banks industry
Industry Median: 25.09 vs OSL:MORG: 48.50

Sparebanken More Net Margin % Historical Data

The historical data trend for Sparebanken More'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.

Sparebanken More Net Margin % Chart

Sparebanken More 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 44.24 37.60 42.04 44.27 48.09

Sparebanken More 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 41.40 46.96 44.00 59.03 43.94

Competitive Comparison of Sparebanken More's Net Margin %

For the Banks - Regional subindustry, Sparebanken More'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.


Sparebanken More's Net Margin % Distribution in the Banks Industry

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

* The bar in red indicates where Sparebanken More's Net Margin % falls into.



Sparebanken More 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.

Sparebanken More'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 )
=1055/2194
=48.09 %

Sparebanken More'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 )
=254/578
=43.94 %

* 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.


Sparebanken More  (OSL:MORG) 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.


Sparebanken More Net Margin % Related Terms

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Sparebanken More (OSL:MORG) Business Description

Traded in Other Exchanges
Address
Kipervikgata 6, Ålesund, NOR, 6003
Sparebanken Møre is a Norway-based banking corporation. It engaged in providing retail and commercial banking services to its customers. Products and services provided by the company include deposits, saving accounts, asset management, financial advisory services, payment transfers, foreign exchange and interest trading, insurance, and real estate brokerage. In addition, the company also provides real estate brokerage services for both residential homes and commercial properties. It mainly concentrates on maritime, offshore and supply, real estate, trade, and services as well as insurance industries. It firm manages its business into three segments Corporate, Retail, and Real estate brokerage. The revenue of the company comprises interest, fees, commission, and other income.

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