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Kits Eyecare (TSX:KITS) Net Margin % : -1.55% (As of Dec. 2023)


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What is Kits Eyecare Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Kits Eyecare's Net Income for the three months ended in Dec. 2023 was C$-0.5 Mil. Kits Eyecare's Revenue for the three months ended in Dec. 2023 was C$31.7 Mil. Therefore, Kits Eyecare's net margin for the quarter that ended in Dec. 2023 was -1.55%.

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

TSX:KITS' s Net Margin % Range Over the Past 10 Years
Min: -17.74   Med: -4.97   Max: 0.14
Current: -1.84


TSX:KITS's Net Margin % is ranked worse than
74.03% of 1109 companies
in the Retail - Cyclical industry
Industry Median: 2.05 vs TSX:KITS: -1.84

Kits Eyecare Net Margin % Historical Data

The historical data trend for Kits Eyecare'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.

Kits Eyecare Net Margin % Chart

Kits Eyecare Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
Get a 7-Day Free Trial 0.14 -8.75 -17.74 -4.97 -1.84

Kits Eyecare Quarterly Data
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 -5.28 -3.69 -3.94 1.54 -1.55

Competitive Comparison of Kits Eyecare's Net Margin %

For the Specialty Retail subindustry, Kits Eyecare'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.


Kits Eyecare's Net Margin % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Kits Eyecare's Net Margin % distribution charts can be found below:

* The bar in red indicates where Kits Eyecare's Net Margin % falls into.



Kits Eyecare 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.

Kits Eyecare'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 )
=-2.215/120.51
=-1.84 %

Kits Eyecare'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 )
=-0.491/31.663
=-1.55 %

* 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.


Kits Eyecare  (TSX:KITS) 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.


Kits Eyecare Net Margin % Related Terms

Thank you for viewing the detailed overview of Kits Eyecare's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Kits Eyecare (TSX:KITS) Business Description

Traded in Other Exchanges
Address
510 Seymour Street, Suite 1020, Vancouver, BC, CAN, V6B 3J5
Kits Eyecare Ltd is a vertically integrated, digitally native eyecare platform that offers its customers access to a vast selection of the highest quality contact lenses and eyeglasses, including its own exclusive KITS-designed products, and a suite of online vision tools. It operates a network of optical e-commerce websites, including KITS.com, KITS.ca, OptiContacts.com, and ContactsExpress.ca. The company's contact lens partners include Alcon, Bausch & Lomb, CooperVision, and Johnson & Johnson, and its glasses partners include Gucci, Oakley, Prive Revaux, Ray-Ban, and Tom Ford, which enables it to offer its customers first class brands and products in eye care.
Executives
Robert Long Senior Officer

Kits Eyecare (TSX:KITS) Headlines

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