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Wataniya Insurance Co (SAU:8300) Net Margin % : 9.40% (As of Dec. 2023)


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What is Wataniya Insurance Co Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Wataniya Insurance Co's Net Income for the three months ended in Dec. 2023 was ﷼32 Mil. Wataniya Insurance Co's Revenue for the three months ended in Dec. 2023 was ﷼335 Mil. Therefore, Wataniya Insurance Co's net margin for the quarter that ended in Dec. 2023 was 9.40%.

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

SAU:8300' s Net Margin % Range Over the Past 10 Years
Min: -9.75   Med: 2.8   Max: 8.49
Current: 7.5


SAU:8300's Net Margin % is ranked worse than
50.82% of 486 companies
in the Insurance industry
Industry Median: 7.66 vs SAU:8300: 7.50

Wataniya Insurance Co Net Margin % Historical Data

The historical data trend for Wataniya Insurance Co'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.

Wataniya Insurance Co Net Margin % Chart

Wataniya Insurance Co 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 4.15 2.14 -9.75 -4.98 8.49

Wataniya Insurance Co Quarterly Data
Mar19 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 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 -8.20 4.65 1.99 13.37 9.40

Competitive Comparison of Wataniya Insurance Co's Net Margin %

For the Insurance - Diversified subindustry, Wataniya Insurance Co'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.


Wataniya Insurance Co's Net Margin % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Wataniya Insurance Co's Net Margin % distribution charts can be found below:

* The bar in red indicates where Wataniya Insurance Co's Net Margin % falls into.



Wataniya Insurance Co 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.

Wataniya Insurance Co'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 )
=84.581/996.136
=8.49 %

Wataniya Insurance Co'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 )
=31.504/335.104
=9.40 %

* 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.


Wataniya Insurance Co  (SAU:8300) 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.


Wataniya Insurance Co Net Margin % Related Terms

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Wataniya Insurance Co (SAU:8300) Business Description

Traded in Other Exchanges
N/A
Address
Madina Road, Before Emirate of Makkah Region, E.A. Juffali & Brothers H.O. Building, P.O. Box 5832, Jeddah, SAU, 21432
Wataniya Insurance Co is a Saudi Arabia-based company that engages in the provision of insurance and reinsurance services. Its insurance products include Motor, Property, Engineering, Accident and liability, Marine, Term life, and Extended warranty. The company derives key revenue from the Motor segment which provides coverage against losses and liability related to motor vehicles.

Wataniya Insurance Co (SAU:8300) Headlines

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