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Zhejiang Jiaxin Silk (SZSE:002404) Net Margin % : 4.14% (As of Mar. 2024)


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What is Zhejiang Jiaxin Silk Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Zhejiang Jiaxin Silk's Net Income for the three months ended in Mar. 2024 was ¥48 Mil. Zhejiang Jiaxin Silk's Revenue for the three months ended in Mar. 2024 was ¥1,170 Mil. Therefore, Zhejiang Jiaxin Silk's net margin for the quarter that ended in Mar. 2024 was 4.14%.

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

SZSE:002404' s Net Margin % Range Over the Past 10 Years
Min: 2.9   Med: 4.47   Max: 7.48
Current: 4.73


SZSE:002404's Net Margin % is ranked better than
63.45% of 1037 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.59 vs SZSE:002404: 4.73

Zhejiang Jiaxin Silk Net Margin % Historical Data

The historical data trend for Zhejiang Jiaxin Silk'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.

Zhejiang Jiaxin Silk Net Margin % Chart

Zhejiang Jiaxin Silk 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 4.59 7.48 3.54 5.32 5.04

Zhejiang Jiaxin Silk 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 5.44 5.95 4.05 4.66 4.14

Competitive Comparison of Zhejiang Jiaxin Silk's Net Margin %

For the Apparel Manufacturing subindustry, Zhejiang Jiaxin Silk'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.


Zhejiang Jiaxin Silk's Net Margin % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Zhejiang Jiaxin Silk's Net Margin % distribution charts can be found below:

* The bar in red indicates where Zhejiang Jiaxin Silk's Net Margin % falls into.



Zhejiang Jiaxin Silk 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.

Zhejiang Jiaxin Silk'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 )
=216.864/4298.622
=5.04 %

Zhejiang Jiaxin Silk'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 )
=48.488/1170.236
=4.14 %

* 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.


Zhejiang Jiaxin Silk  (SZSE:002404) 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.


Zhejiang Jiaxin Silk Net Margin % Related Terms

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Zhejiang Jiaxin Silk (SZSE:002404) Business Description

Traded in Other Exchanges
N/A
Address
The Silk Building No. 22, Zhongshan Road, Zhejiang Province, Jiaxing, CHN
Zhejiang Jiaxin Silk Corp Ltd is a Chinese silk house. It is engaged in the manufacture of high-grade silk, silk, and clothing. It produces and sales silkworm cocoons, silk, weaving, printing and dyeing, knitting and garments.
Executives
Zhou Guo Jian Director
Han Shuo Directors, executives
Zhou Qing Rong Supervisors
Gu Qun Director
Feng Jian Ping Executives
Zhang Ning Supervisors
Zhu Jian Yong Supervisors
Zheng Xiao Directors, Directors, and Executives
Shen Yu Qi Executives
Xu Hong Directors, executives
Hu Chuan Guo Director

Zhejiang Jiaxin Silk (SZSE:002404) Headlines

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