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Sincere Co (HKSE:00244) Net Margin % : -45.94% (As of Dec. 2023)


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What is Sincere Co Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Sincere Co's Net Income for the six months ended in Dec. 2023 was HK$-33.0 Mil. Sincere Co's Revenue for the six months ended in Dec. 2023 was HK$71.8 Mil. Therefore, Sincere Co's net margin for the quarter that ended in Dec. 2023 was -45.94%.

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

HKSE:00244' s Net Margin % Range Over the Past 10 Years
Min: -81.71   Med: -38.01   Max: -19.15
Current: -34.54


HKSE:00244's Net Margin % is ranked worse than
92.97% of 1109 companies
in the Retail - Cyclical industry
Industry Median: 2.05 vs HKSE:00244: -34.54

Sincere Co Net Margin % Historical Data

The historical data trend for Sincere Co'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.

Sincere Co Net Margin % Chart

Sincere Co Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Dec22 Dec23
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -42.35 -55.97 -81.71 -41.47 -34.54

Sincere Co Semi-Annual Data
Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Jun22 Dec22 Jun23 Dec23
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -75.52 -55.13 -29.27 -23.53 -45.94

Competitive Comparison of Sincere Co's Net Margin %

For the Department Stores subindustry, Sincere Co'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.


Sincere Co's Net Margin % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Sincere Co's Net Margin % distribution charts can be found below:

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



Sincere Co 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.

Sincere Co'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 )
=-50.477/146.147
=-34.54 %

Sincere Co'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 )
=-32.984/71.791
=-45.94 %

* 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.


Sincere Co  (HKSE:00244) 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.


Sincere Co Net Margin % Related Terms

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Sincere Co (HKSE:00244) Business Description

Traded in Other Exchanges
N/A
Address
1 Connaught Place, 24th Floor, Jardine House, Central, Hong Kong, HKG
Sincere Co Ltd is mainly engaged in the retailing business. The company has aggregated its operations into three reportable segments, Department Store Operations; Securities Trading and Others. The Department Store Operations segment consists of the operations of department stores offering a wide range of consumer products; the Securities Trading segment consists of the trading of Hong Kong and overseas securities; and the Others segment consists of the sublease of properties and the provision of general and life insurances. Its primary geographic markets are Hong Kong, Mainland China, the United Kingdom and others. Geographically the company receives maximum revenue from Hong Kong.

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