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LG Energy Solution (XKRX:373220) Net Margin % : -0.29% (As of Dec. 2023)


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What is LG Energy Solution Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. LG Energy Solution's Net Income for the three months ended in Dec. 2023 was ₩-23,599 Mil. LG Energy Solution's Revenue for the three months ended in Dec. 2023 was ₩8,001,324 Mil. Therefore, LG Energy Solution's net margin for the quarter that ended in Dec. 2023 was -0.29%.

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

XKRX:373220' s Net Margin % Range Over the Past 10 Years
Min: -31.18   Med: 3.34   Max: 4.44
Current: 3.67


XKRX:373220's Net Margin % is ranked worse than
59.2% of 2973 companies
in the Industrial Products industry
Industry Median: 5.17 vs XKRX:373220: 3.67

LG Energy Solution Net Margin % Historical Data

The historical data trend for LG Energy Solution'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.

LG Energy Solution Net Margin % Chart

LG Energy Solution Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Net Margin %
-31.18 4.44 3.00 3.67

LG Energy Solution Quarterly Data
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 3.05 5.72 4.93 3.99 -0.29

Competitive Comparison of LG Energy Solution's Net Margin %

For the Specialty Industrial Machinery subindustry, LG Energy Solution'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.


LG Energy Solution's Net Margin % Distribution in the Industrial Products Industry

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

* The bar in red indicates where LG Energy Solution's Net Margin % falls into.



LG Energy Solution 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.

LG Energy Solution'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 )
=1237180/33745470
=3.67 %

LG Energy Solution'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 )
=-23599/8001324
=-0.29 %

* 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.


LG Energy Solution  (XKRX:373220) 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.


LG Energy Solution Net Margin % Related Terms

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LG Energy Solution (XKRX:373220) Business Description

Traded in Other Exchanges
N/A
Address
Yeongdeungpo-gu, Yeoui-daero, Seoul, KOR
LG Energy Solution, or LGES, is the third-largest battery maker for electric vehicles, or EVs, with about 14% global share in the first half of 2023, according to SNE Research. The EV battery segment is the largest revenue contributor, which accounted for close to 60% of total revenue in 2022. Besides EV batteries, LGES also manufactures batteries for mobility, mobile phones, laptops, electrical devices, and energy storage systems. The company was spun off from LG Chem's battery division in December 2020 and listed on the Korea Exchange in January 2022. It has global manufacturing facilities in Korea, China, Poland and the United States. Key customers include General Motors, Tesla, Volkswagen, Hyundai Motors and Stellantis.

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