Ondo InsurTech (LSE:ONDO) Net Margin % : -86.17% (As of Sep. 2023)

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What is Ondo InsurTech Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Ondo InsurTech's Net Income for the six months ended in Sep. 2023 was £-1.02 Mil. Ondo InsurTech's Revenue for the six months ended in Sep. 2023 was £1.19 Mil. Therefore, Ondo InsurTech's net margin for the quarter that ended in Sep. 2023 was -86.17%.

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

LSE:ONDO' s Net Margin % Range Over the Past 10 Years
Min: -86.17 Med: 0 Max: 0
Current: -86.17

LSE:ONDO's Net Margin % is ranked worse than
94.2% of 2465 companies
in the Hardware industry
Industry Median: 2.7 vs LSE:ONDO: -86.17

Ondo InsurTech Net Margin % Historical Data

The historical data trend for Ondo InsurTech'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.

Ondo InsurTech Net Margin % Chart

Ondo InsurTech Annual Data

Trend

Net Margin %

Ondo InsurTech Semi-Annual Data
	Aug21	Feb22	Aug22	Sep23
Net Margin %	-202.32	-112.54	-204.88	-86.17

Competitive Comparison of Ondo InsurTech's Net Margin %

For the Scientific & Technical Instruments subindustry, Ondo InsurTech'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.

Ondo InsurTech's Net Margin % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ondo InsurTech's Net Margin % distribution charts can be found below:

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

Ondo InsurTech 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.

Ondo InsurTech's Net Margin for the fiscal year that ended in . 20 is calculated as

Net Margin	=	Net Income (A: . 20 )	/	Revenue (A: . 20 )
	=		/
	=	%

Ondo InsurTech's Net Margin for the quarter that ended in Sep. 2023 is calculated as

Net Margin	=	Net Income (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	-1.022	/	1.186
	=	-86.17 %

Ondo InsurTech (LSE:ONDO) 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.

Ondo InsurTech Net Margin % Related Terms

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Ondo InsurTech (LSE:ONDO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ondo InsurTech PLC (LSE:ONDO) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

1AI:Germany

Address

60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR

Website

https://www.ondoplc.com

Ondo InsurTech PLC is into the Insuretech business in the home insurance Industry. The company's Leakbot system comprises a self-install sensor that clips to a pipe and detects a leak anywhere on a main water system. The company derives revenue from water leak detection devices, water leak detection services, Repair services, and consultancy services. The company has a geographical presence in the UK, USA, and Europe. The company derives the majority of its revenue from the UK.

Ondo InsurTech (LSE:ONDO) Headlines

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