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Meikles (LSE:MIK) Net Margin % : 0.44% (As of Aug. 2023)


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What is Meikles Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Meikles's Net Income for the six months ended in Aug. 2023 was $12 Mil. Meikles's Revenue for the six months ended in Aug. 2023 was $2,701 Mil. Therefore, Meikles's net margin for the quarter that ended in Aug. 2023 was 0.44%.

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

LSE:MIK' s Net Margin % Range Over the Past 10 Years
Min: -1.92   Med: 1.46   Max: 12.42
Current: 0.49


LSE:MIK's Net Margin % is ranked worse than
63.66% of 1109 companies
in the Retail - Cyclical industry
Industry Median: 2.05 vs LSE:MIK: 0.49

Meikles Net Margin % Historical Data

The historical data trend for Meikles'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.

Meikles Net Margin % Chart

Meikles Annual Data
Trend Dec08 Dec09 Mar11 Mar12 Mar19 Mar20 Mar21
Net Margin %
Get a 7-Day Free Trial 2.02 -1.00 3.92 12.42 0.89

Meikles Semi-Annual Data
Dec09 Mar11 Mar12 Sep12 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Aug23
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 0.95 3.60 1.52 0.82 0.44

Competitive Comparison of Meikles's Net Margin %

For the Department Stores subindustry, Meikles'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.


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

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

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



Meikles 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.

Meikles's Net Margin for the fiscal year that ended in Mar. 2021 is calculated as

Net Margin=Net Income (A: Mar. 2021 )/Revenue (A: Mar. 2021 )
=1.351/152.504
=0.89 %

Meikles's Net Margin for the quarter that ended in Aug. 2023 is calculated as

Net Margin=Net Income (Q: Aug. 2023 )/Revenue (Q: Aug. 2023 )
=11.873/2701.37
=0.44 %

* 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.


Meikles  (LSE:MIK) 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.


Meikles Net Margin % Related Terms

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Meikles (LSE:MIK) Business Description

Traded in Other Exchanges
Address
4 Steppes Road, Highlands, Harare, ZWE
Meikles Ltd is a Zimbabwe-based investment holding company. Its business segments include Supermarkets, Hotels, properties, and security guard operations. It is organized into two geographical segments, Zimbabwe, and non-Zimbabwe. The majority of its revenue is generated from the Supermarkets segment within Zimbabwe.