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Cleantek Industries (TSXV:CTEK) Net Margin % : -48.98% (As of Dec. 2023)


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What is Cleantek Industries Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Cleantek Industries's Net Income for the three months ended in Dec. 2023 was C$-1.56 Mil. Cleantek Industries's Revenue for the three months ended in Dec. 2023 was C$3.19 Mil. Therefore, Cleantek Industries's net margin for the quarter that ended in Dec. 2023 was -48.98%.

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

TSXV:CTEK' s Net Margin % Range Over the Past 10 Years
Min: -294.15   Med: -47.44   Max: -13.02
Current: -13.02


TSXV:CTEK's Net Margin % is ranked worse than
87.9% of 2976 companies
in the Industrial Products industry
Industry Median: 5.2 vs TSXV:CTEK: -13.02

Cleantek Industries Net Margin % Historical Data

The historical data trend for Cleantek Industries'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.

Cleantek Industries Net Margin % Chart

Cleantek Industries Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Net Margin %
-294.15 -67.52 -27.35 -13.03

Cleantek Industries Quarterly Data
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 -11.16 4.70 -20.22 6.83 -48.98

Competitive Comparison of Cleantek Industries's Net Margin %

For the Specialty Industrial Machinery subindustry, Cleantek Industries'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.


Cleantek Industries's Net Margin % Distribution in the Industrial Products Industry

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

* The bar in red indicates where Cleantek Industries's Net Margin % falls into.



Cleantek Industries 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.

Cleantek Industries'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 )
=-1.823/13.989
=-13.03 %

Cleantek Industries'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 )
=-1.561/3.187
=-48.98 %

* 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.


Cleantek Industries  (TSXV:CTEK) 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.


Cleantek Industries Net Margin % Related Terms

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Cleantek Industries (TSXV:CTEK) Business Description

Traded in Other Exchanges
Address
500 - 4th Avenue SW, Suite 3200, Calgary, AB, CAN, T2P 2V6
Cleantek Industries Inc is engaged in the manufacturing and rental of equipment to the oil and gas and construction industries in Western Canada and the United States. Its products include ZeroE, Halo, DZeroE, and SolarHybrid.Li, SolarHybrid, and Stadium Lighting among others. The company's revenue is generated primarily from the rental and service of dehydration units, lighting towers, and lighting systems based on fixed or agreed-upon service contracts with the customer.
Executives
Pillarfour Capital Partners Inc. 10% Security Holder

Cleantek Industries (TSXV:CTEK) Headlines