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Credo Technology Group Holding (Credo Technology Group Holding) Net Margin % : 0.81% (As of Jan. 2024)


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What is Credo Technology Group Holding Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Credo Technology Group Holding's Net Income for the three months ended in Jan. 2024 was $0.4 Mil. Credo Technology Group Holding's Revenue for the three months ended in Jan. 2024 was $53.1 Mil. Therefore, Credo Technology Group Holding's net margin for the quarter that ended in Jan. 2024 was 0.81%.

The historical rank and industry rank for Credo Technology Group Holding's Net Margin % or its related term are showing as below:

CRDO' s Net Margin % Range Over the Past 10 Years
Min: -46.87   Med: -20.83   Max: -8.98
Current: -20.59


CRDO's Net Margin % is ranked worse than
85.59% of 2464 companies
in the Hardware industry
Industry Median: 2.835 vs CRDO: -20.59

Credo Technology Group Holding Net Margin % Historical Data

The historical data trend for Credo Technology Group Holding'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.

Credo Technology Group Holding Net Margin % Chart

Credo Technology Group Holding Annual Data
Trend Apr20 Apr21 Apr22 Apr23
Net Margin %
- -46.87 -20.83 -8.98

Credo Technology Group Holding Quarterly Data
Apr20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 5.20 -49.67 -33.33 -15.04 0.81

Competitive Comparison of Credo Technology Group Holding's Net Margin %

For the Communication Equipment subindustry, Credo Technology Group Holding'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.


Credo Technology Group Holding's Net Margin % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Credo Technology Group Holding's Net Margin % distribution charts can be found below:

* The bar in red indicates where Credo Technology Group Holding's Net Margin % falls into.



Credo Technology Group Holding 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.

Credo Technology Group Holding's Net Margin for the fiscal year that ended in Apr. 2023 is calculated as

Net Margin=Net Income (A: Apr. 2023 )/Revenue (A: Apr. 2023 )
=-16.547/184.194
=-8.98 %

Credo Technology Group Holding's Net Margin for the quarter that ended in Jan. 2024 is calculated as

Net Margin=Net Income (Q: Jan. 2024 )/Revenue (Q: Jan. 2024 )
=0.428/53.058
=0.81 %

* 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.


Credo Technology Group Holding  (NAS:CRDO) 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.


Credo Technology Group Holding Net Margin % Related Terms

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Credo Technology Group Holding (Credo Technology Group Holding) Business Description

Traded in Other Exchanges
Address
Ugland House, PO Box 309, Grand Cayman, CYM, KY1-1104
Credo Technology Group Holding Ltd delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. It provides innovative, secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market.
Executives
William Joseph Brennan director, officer: Pres & Chief Executive Officer C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Yat Tung Lam director, officer: Chief Operating Officer C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Chi Fung Cheng director, 10 percent owner, officer: Chief Technology Officer C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Daniel W. Fleming officer: Chief Financial Officer C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Lip Bu Tan director, 10 percent owner ONE CALIFORNIA STREET 28TH FLOOR, SAN FRANCISCO CA 94111
Adam Thorngate-gottlund officer: General Counsel & Secretary C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Pantas Sutardja, director C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
David Zinsner director 1001 MURPHY RANCH ROAD, MILPITAS CA 95035
Sylvia Acevedo director 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Manpreet Khaira director C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110