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Shareate Tools (SHSE:688257) Net Margin % : 10.90% (As of Mar. 2024)


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What is Shareate Tools Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Shareate Tools's Net Income for the three months ended in Mar. 2024 was ¥43 Mil. Shareate Tools's Revenue for the three months ended in Mar. 2024 was ¥394 Mil. Therefore, Shareate Tools's net margin for the quarter that ended in Mar. 2024 was 10.90%.

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

SHSE:688257' s Net Margin % Range Over the Past 10 Years
Min: 6.2   Med: 10.5   Max: 15.6
Current: 10.68


SHSE:688257's Net Margin % is ranked better than
76.21% of 2959 companies
in the Industrial Products industry
Industry Median: 5.22 vs SHSE:688257: 10.68

Shareate Tools Net Margin % Historical Data

The historical data trend for Shareate Tools'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.

Shareate Tools Net Margin % Chart

Shareate Tools Annual Data
Trend Dec13 Dec14 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.00 15.60 15.25 12.41 10.52

Shareate Tools Quarterly Data
Dec18 Jun19 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 10.26 11.61 11.04 9.13 10.90

Competitive Comparison of Shareate Tools's Net Margin %

For the Tools & Accessories subindustry, Shareate Tools'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.


Shareate Tools's Net Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shareate Tools's Net Margin % distribution charts can be found below:

* The bar in red indicates where Shareate Tools's Net Margin % falls into.



Shareate Tools 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.

Shareate Tools'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 )
=162.989/1549.333
=10.52 %

Shareate Tools'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 )
=42.984/394.42
=10.90 %

* 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.


Shareate Tools  (SHSE:688257) 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.


Shareate Tools Net Margin % Related Terms

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Shareate Tools (SHSE:688257) Business Description

Traded in Other Exchanges
N/A
Address
133 Shuangma Street, Weiting Town, Suzhou Industrial Park, Jiangsu Province, Suzhou, CHN, 215121
Shareate Tools Ltd is a national high-tech enterprise, engaged in cemented carbide products and rock drilling tools. Its main products are Rotary Tricone Bit, DTH Hammer & Bit for mining, water well, and oil-field drilling applications, oil drilling, and mining cemented carbide, carbide substrates for PDC bits, petroleum drill bit nozzle, ultra-fine cemented carbide rod, fine grain cutting tools, stamping die plate, cold heading dies, powder metallurgy dies, tungsten carbide tubular welding, wear parts, non-standard parts. It exports to South America, Africa, Australia, Russia, South Korea, USA, Canada and other countries.
Executives
Yang Han Min Core technical personnel
Li Ning Core technical personnel
senior management
Lu Qing Zhong Core technical personnel

Shareate Tools (SHSE:688257) Headlines

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