The historical rank and industry rank for Innovative Eyewear's Net Margin % or its related term are showing as below:
LUCY'
s Net Margin % Range Over the Past 10 Years
Min: -2180 Med: -860.91 Max: -469.61
Current: -517.9
LUCY's Net Margin % is ranked worse than 88.81% of 822
companies
in the Medical Devices & Instruments industry
Industry Median: -1.34
vs LUCY: -517.90
Innovative Eyewear Net Margin % Historical Data
The historical data trend for Innovative Eyewear'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.
Competitive Comparison of Innovative Eyewear's Net Margin %
For the Medical Instruments & Supplies subindustry, Innovative Eyewear'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.
Innovative Eyewear's Net Margin % Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Innovative Eyewear's Net Margin % distribution charts can be found below:
* The bar in red indicates where Innovative Eyewear's Net Margin % falls into.
Innovative Eyewear 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.
Innovative Eyewear's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Innovative Eyewear (NAS:LUCY) 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.
Innovative Eyewear Net Margin % Related Terms
Thank you for viewing the detailed overview of Innovative Eyewear's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Innovative Eyewear (Innovative Eyewear) Business Description
Innovative Eyewear Inc is engaged in developing and selling eyeglasses and sunglasses, which are designed to allow customers to remain connected to their digital lives, while also offering prescription eyewear and sun protection. Its products Lucyd Lyte glasses enable the wearer to listen to music, take and make calls, and use voice assistants to perform many common smartphone tasks hands-free.
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