Summit Minerals (ASX:SUM) Net Margin % : -1,757.35% (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Summit Minerals Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Summit Minerals's Net Income for the six months ended in Dec. 2023 was A$-1.20 Mil. Summit Minerals's Revenue for the six months ended in Dec. 2023 was A$0.07 Mil. Therefore, Summit Minerals's net margin for the quarter that ended in Dec. 2023 was -1,757.35%.

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

ASX:SUM' s Net Margin % Range Over the Past 10 Years
Min: -2427.94 Med: 0 Max: 0
Current: -2427.94

ASX:SUM's Net Margin % is ranked worse than
86.83% of 858 companies
in the Metals & Mining industry
Industry Median: -0.125 vs ASX:SUM: -2427.94

Summit Minerals Net Margin % Historical Data

The historical data trend for Summit Minerals'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.

Summit Minerals Net Margin % Chart

Summit Minerals Annual Data

Trend

Jun23

Net Margin %

Summit Minerals Semi-Annual Data
	Dec22	Jun23	Dec23
Net Margin %	-2,100.00	-	-1,757.35

Competitive Comparison of Summit Minerals's Net Margin %

For the Other Industrial Metals & Mining subindustry, Summit Minerals'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.

Summit Minerals's Net Margin % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Summit Minerals's Net Margin % distribution charts can be found below:

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

Summit Minerals 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.

Summit Minerals'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 )
	=	-0.96	/	0
	=	%

Summit Minerals'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 )
	=	-1.195	/	0.068
	=	-1,757.35 %

Summit Minerals (ASX:SUM) 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.

Summit Minerals Net Margin % Related Terms

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

Summit Minerals (ASX:SUM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Summit Minerals Ltd (ASX:SUM) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

389 Oxford Street, Level 1, Mount Hawthorn, WA, AUS, 6016

Website

https://www.summitminerals.com.au

Summit Minerals Ltd engages in acquiring, exploring, and developing battery mineral projects in Australia. It holds interest in the following projects: Stallion REE Uranium Project (WA), the Windfall Antimony Project (NSW), the Phillips River Lithium Project (WA), and the Northern REE Lithium Projects (WA), and the Bridgetown Lithium Projects (WA).