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Operating Margin % is calculated as Operating Income divided by its Revenue. Crinetics Pharmaceuticals's Operating Income for the three months ended in Mar. 2024 was $-73.53 Mil. Crinetics Pharmaceuticals's Revenue for the three months ended in Mar. 2024 was $0.64 Mil. Therefore, Crinetics Pharmaceuticals's Operating Margin % for the quarter that ended in Mar. 2024 was -11,488.91%.
The historical rank and industry rank for Crinetics Pharmaceuticals's Operating Margin % or its related term are showing as below:
Crinetics Pharmaceuticals's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.
Crinetics Pharmaceuticals's Operating Income for the three months ended in Mar. 2024 was $-73.53 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was $-248.16 Mil.
The historical data trend for Crinetics Pharmaceuticals's Operating 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.
Crinetics Pharmaceuticals Annual Data | |||||||||||||||||
Trend | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Operating Margin % | Get a 7-Day Free Trial | - | - | -9,990.91 | -3,544.06 | -5,547.17 |
Crinetics Pharmaceuticals Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Operating Margin % | Get a 7-Day Free Trial | -1,790.89 | -5,363.87 | -17,045.38 | - | -11,488.91 |
For the Biotechnology subindustry, Crinetics Pharmaceuticals's Operating Margin %, along with its competitors' market caps and Operating 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.
For the Biotechnology industry and Healthcare sector, Crinetics Pharmaceuticals's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Crinetics Pharmaceuticals's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Crinetics Pharmaceuticals's Operating Margin % for the fiscal year that ended in Dec. 2023 is calculated as
Operating Margin % | = | Operating Income (A: Dec. 2023 ) | / | Revenue (A: Dec. 2023 ) |
= | -222.608 | / | 4.013 | |
= | -5,547.17 % |
Crinetics Pharmaceuticals's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as
Operating Margin % | = | Operating Income (Q: Mar. 2024 ) | / | Revenue (Q: Mar. 2024 ) |
= | -73.529 | / | 0.64 | |
= | -11,488.91 % |
* 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.
Crinetics Pharmaceuticals (NAS:CRNX) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
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Stephen F. Betz | officer: Chief Scientific Officer | 10222 BARNES CANYON ROAD, BUILDING 2, SAN DIEGO CA 92121 |
Dana Pizzuti | officer: Chief Development Officer | C/O CRINETICS PHARMACEUTICALS, INC., 10222 BARNES CANYON ROAD, BUILDING 2, SAN DIEGO CA 92121 |
Marc Wilson | officer: See Remarks | 6310 NANCY RIDGE DRIVE, SAN DIEGO CA 92121 |
Richard Scott Struthers | director, officer: See Remarks | C/O CRINETICS PHARMACEUTICALS, INC., 10222 BARNES CANYON ROAD, BLDG. #2, SAN DIEGO CA 92121 |
Alan Seth Krasner | officer: Chief Medical Officer | C/O CRINETICS PHARMACEUTICALS, INC., 10222 BARNES CANYON ROAD, BLDG. #2, SAN DIEGO CA 92121 |
Vivaldi Coelho Rogerio | director | 225 SECOND AVENUE, WALTHAM MA 02451 |
Jeff E. Knight | officer: Chief Operating Officer | CRINETICS PHARMACEUTICALS, INC., 10222 BARNES CANYON ROAD, BUILDING 2, SAN DIEGO CA 92121 |
Matthew K Fust | director | C/O ULTRAGENYX PHARMACEUTICAL INC., 60 LEVERONI COURT, NOVATO CA 94949 |
Perceptive Life Sciences Master Fund Ltd | 10 percent owner | C/O PERCEPTIVE ADVISORS LLC, 51 ASTOR PLACE, 10TH FLOOR, NEW YORK NY 10003 |
Caren Deardorf | director | C/O MAGENTA THERAPEUTICS, INC., 100 TECHNOLOGY SQUARE, CAMBRIDGE MA 02139 |
James Hassard | officer: Chief Commercial Officer | 177 E COLORADO BLVD, STE 700, PASADENA CA 91105 |
Ajay Madan | officer: Chief Development Officer | C/O CRINETICS PHARMACEUTICALS, INC., 10222 BARNES CANYON ROAD, BLDG. 2, SAN DIEGO CA 92121 |
Camille L Bedrosian | director | C/O ULTRAGENYX PHARMACEUTICAL INC., 60 LEVERONI COURT, NOVATO CA 94949 |
Vivo Capital Fund Viii, L.p. | 10 percent owner | 505 HAMILTON AVENUE, SUITE 200, PALO ALTO CA 94301 |
Perceptive Advisors Llc | 10 percent owner | 51 ASTOR PLACE, 10TH FLOOR, NEW YORK NY 10003 |
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