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Hitek Global (Hitek Global) Net Margin % : 26.36% (As of Dec. 2023)


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What is Hitek Global Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Hitek Global's Net Income for the six months ended in Dec. 2023 was $0.43 Mil. Hitek Global's Revenue for the six months ended in Dec. 2023 was $1.62 Mil. Therefore, Hitek Global's net margin for the quarter that ended in Dec. 2023 was 26.36%.

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

HKIT' s Net Margin % Range Over the Past 10 Years
Min: 22.03   Med: 29.1   Max: 32.1
Current: 22.96

HKIT's Net Margin % is ranked better than
93.37% of 2762 companies
in the Software industry
Industry Median: 1.71 vs HKIT: 22.96

Hitek Global Net Margin % Historical Data

The historical data trend for Hitek Global'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.

Hitek Global Net Margin % Chart

Hitek Global Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
Get a 7-Day Free Trial 29.12 29.10 25.83 22.03 22.96

Hitek Global Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.11 22.32 21.77 21.10 26.36

Competitive Comparison of Hitek Global's Net Margin %

For the Software - Application subindustry, Hitek Global'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.

Hitek Global's Net Margin % Distribution in the Software Industry

For the Software industry and Technology sector, Hitek Global's Net Margin % distribution charts can be found below:

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


Hitek Global 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.

Hitek Global'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 )
=1.048/4.564
=22.96 %

Hitek Global'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 )
=0.426/1.616
=26.36 %

* 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.

Hitek Global  (NAS:HKIT) 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.

Hitek Global Net Margin % Related Terms

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Hitek Global (Hitek Global) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Hitek Global Inc (NAS:HKIT) » Definitions » Net Margin %
Comparable Companies
SSNT EBZT INLX NOWG WBSR BMR MTBL TSRI CXAI PALT CRM XTER:SAP INTU NOW UBER CDNS SHOP WDAY XPAR:DSY ROP
Traded in Other Exchanges
4JX:Germany
Address
No. 30 Guanri Road, Siming District, Unit 304, Fujian Province, Phase II, Software Park, Xiamen, CHN
Website
http://www.xmhitek.com
Hitek Global Inc is a provider of information technology consulting and solutions services. The company has two lines of businesses such as services to small and medium businesses, which consist of Anti-Counterfeiting Tax Control System tax devices, including Golden Tax Disk and printers, ACTCS services, and IT services; and services to large businesses, which include hardware sales and software sales. It generates revenues from hardware sales, software sales, IT services, and tax devices and services.