HitIQ (ASX:HIQ) Net Margin % : -341.15% (As of Dec. 2023)

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What is HitIQ Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. HitIQ's Net Income for the six months ended in Dec. 2023 was A$-1.54 Mil. HitIQ's Revenue for the six months ended in Dec. 2023 was A$0.45 Mil. Therefore, HitIQ's net margin for the quarter that ended in Dec. 2023 was -341.15%.

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

ASX:HIQ' s Net Margin % Range Over the Past 10 Years
Min: -1243.98 Med: -1122.29 Max: -525.32
Current: -525.32

ASX:HIQ's Net Margin % is ranked worse than
95.72% of 654 companies
in the Healthcare Providers & Services industry
Industry Median: 1.69 vs ASX:HIQ: -525.32

HitIQ Net Margin % Historical Data

The historical data trend for HitIQ'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.

HitIQ Net Margin % Chart

HitIQ Annual Data

Trend

Jun21

Jun22

Jun23

Net Margin %

-1,243.98

-1,122.29

-650.78

HitIQ Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Net Margin %	Get a 7-Day Free Trial			-1,657.01	-840.00	-573.12	-693.15	-341.15

Competitive Comparison of HitIQ's Net Margin %

For the Health Information Services subindustry, HitIQ'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.

HitIQ's Net Margin % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, HitIQ's Net Margin % distribution charts can be found below:

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

HitIQ 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.

HitIQ's Net Margin for the fiscal year that ended in Jun. 2023 is calculated as

Net Margin	=	Net Income (A: Jun. 2023 )	/	Revenue (A: Jun. 2023 )
	=	-5.037	/	0.774
	=	-650.78 %

HitIQ'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 )
	=	-1.542	/	0.452
	=	-341.15 %

HitIQ (ASX:HIQ) 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.

HitIQ Net Margin % Related Terms

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HitIQ (ASX:HIQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » HitIQ Ltd (ASX:HIQ) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

9-17 Raglan Street, Suite 1, Level 2, South Melbourne, Melbourne, VIC, AUS, 3205

Website

https://www.hitiq.com

HitIQ Ltd is engaged in providing software that delivers a platform for measuring and managing head impact exposures. The Portal allows users to quantify exposures across individual players, positions, drills and periods. These insights are used to identify, manage and manipulate contact drills to reduce head impact exposures. Its operating segment includes HITIQ Mouthguard Technology and CSX Concussion Assessment App. The company generates maximum revenue from the HITIQ Mouthguard Technology segment.

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