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Twin Vee PowerCats Co (Twin Vee PowerCats Co) Net Margin % : -33.50% (As of Dec. 2023)


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What is Twin Vee PowerCats Co Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Twin Vee PowerCats Co's Net Income for the three months ended in Dec. 2023 was $-2.83 Mil. Twin Vee PowerCats Co's Revenue for the three months ended in Dec. 2023 was $8.45 Mil. Therefore, Twin Vee PowerCats Co's net margin for the quarter that ended in Dec. 2023 was -33.50%.

The historical rank and industry rank for Twin Vee PowerCats Co's Net Margin % or its related term are showing as below:

VEEE' s Net Margin % Range Over the Past 10 Years
Min: -21.52   Med: -6.41   Max: 10.58
Current: -21.46


VEEE's Net Margin % is ranked worse than
91.38% of 1287 companies
in the Vehicles & Parts industry
Industry Median: 3.36 vs VEEE: -21.46

Twin Vee PowerCats Co Net Margin % Historical Data

The historical data trend for Twin Vee PowerCats 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.

Twin Vee PowerCats Co Net Margin % Chart

Twin Vee PowerCats Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
-3.13 10.58 -6.41 -16.06 -21.52

Twin Vee PowerCats Co Quarterly Data
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 -30.87 -13.15 -16.43 -23.05 -33.50

Competitive Comparison of Twin Vee PowerCats Co's Net Margin %

For the Recreational Vehicles subindustry, Twin Vee PowerCats 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.


Twin Vee PowerCats Co's Net Margin % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Twin Vee PowerCats Co's Net Margin % distribution charts can be found below:

* The bar in red indicates where Twin Vee PowerCats Co's Net Margin % falls into.



Twin Vee PowerCats 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.

Twin Vee PowerCats 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 )
=-7.192/33.426
=-21.52 %

Twin Vee PowerCats Co'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 )
=-2.829/8.445
=-33.50 %

* 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.


Twin Vee PowerCats Co  (NAS:VEEE) 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.


Twin Vee PowerCats Co Net Margin % Related Terms

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


Twin Vee PowerCats Co (Twin Vee PowerCats Co) Business Description

Traded in Other Exchanges
N/A
Address
3101 South US-1, Fort Pierce, Florida, FL, USA, 34982
Twin Vee PowerCats Co is a designer, manufacturer, and marketer of recreational and commercial power catamaran boats to use for fishing, diving and water skiing and commercial activities including transportation, eco-tours, fishing, and diving expeditions. Its revenue is derived from the sale of boats, motors, and trailers to its independent dealers.
Executives
Kevin Schuyler director 1180 SEMINOLE TRAIL, SUITE 495, CHARLOTTESVILLE VA 22901
Bard D. Rockenbach director 3101 S. US-1, FT. PIERCE FL 34982
Carrie L. Gunnerson officer: Chief Financial Officer 5556 HIGHWAY 9, ARMSTRONG IA 50514
Steven A Shallcross director C/O ELYS GAME TECHNOLOGY CORP., 130 ADELAIDE STREET WEST, SUITE 701, TORONTO A6 M5H2K4
Joseph C Visconti director, 10 percent owner, officer: CEO and President 525 SOUTH FLAGLER DRIVE #400, WEST PALM BEACH FL 33401
Twin Vee Powercats, Inc. 10 percent owner 3101 SOUTH US HIGHWAY 1, FT PIERCE FL 34982
Neil Ross director 3101 S. US-1, FT. PIERCE FL 34982
Donna Barnett officer: Chief Financial Officer 3101 S. US-1, FT. PIERCE FL 34982
Preston Yarborough director, officer: Vice President 3101 S. US-1, FT. PIERCE FL 34981
James Henry Melvin director 3101 S. US-1, FT. PIERCE FL 34982
Daniel Norton officer: Chief Engineer 3101 S. US-1, FT. PIERCE FL 34982