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Ping An Bank Co (SZSE:000001) Net Margin % : 38.52% (As of Mar. 2024)


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What is Ping An Bank Co Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Ping An Bank Co's Net Income for the three months ended in Mar. 2024 was ¥14,932 Mil. Ping An Bank Co's Revenue for the three months ended in Mar. 2024 was ¥38,767 Mil. Therefore, Ping An Bank Co's net margin for the quarter that ended in Mar. 2024 was 38.52%.

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

SZSE:000001' s Net Margin % Range Over the Past 10 Years
Min: 18.85   Med: 21.69   Max: 29.57
Current: 29.57


SZSE:000001's Net Margin % is ranked better than
63.88% of 1459 companies
in the Banks industry
Industry Median: 25.06 vs SZSE:000001: 29.57

Ping An Bank Co Net Margin % Historical Data

The historical data trend for Ping An Bank 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.

Ping An Bank Co Net Margin % Chart

Ping An Bank 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 20.43 18.85 21.45 25.33 28.23

Ping An Bank Co 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 32.38 24.82 36.51 18.44 38.52

Competitive Comparison of Ping An Bank Co's Net Margin %

For the Banks - Regional subindustry, Ping An Bank 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.


Ping An Bank Co's Net Margin % Distribution in the Banks Industry

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

* The bar in red indicates where Ping An Bank Co's Net Margin % falls into.



Ping An Bank 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.

Ping An Bank 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 )
=46455/164555
=28.23 %

Ping An Bank Co'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 )
=14932/38767
=38.52 %

* 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.


Ping An Bank Co  (SZSE:000001) 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.


Ping An Bank Co Net Margin % Related Terms

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Ping An Bank Co (SZSE:000001) Business Description

Traded in Other Exchanges
N/A
Address
5047 East Shennan Road, Board Office of Ping On Bank, Guangdong, Shenzhen, CHN, 518001
Ping An Bank is a leading nationwide joint-stock commercial bank with headquarters in Shenzhen. Its parent, Ping An Group, the second-largest insurance company in China, owns about a 58% stake in Ping An Bank. The bank was formerly known as Shenzhen Development Bank and was merged with Ping An Bank in mid-2012. The bank offers a full range of commercial banking services, operating 91 branches and 1,058 outlets in China.

Ping An Bank Co (SZSE:000001) Headlines

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