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MEKO AB (OSTO:MEKO) Net Margin % : 1.18% (As of Mar. 2024)


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What is MEKO AB Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. MEKO AB's Net Income for the three months ended in Mar. 2024 was kr52 Mil. MEKO AB's Revenue for the three months ended in Mar. 2024 was kr4,390 Mil. Therefore, MEKO AB's net margin for the quarter that ended in Mar. 2024 was 1.18%.

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

OSTO:MEKO' s Net Margin % Range Over the Past 10 Years
Min: 2.23   Med: 3.56   Max: 7.34
Current: 2.24


OSTO:MEKO's Net Margin % is ranked worse than
59.42% of 1284 companies
in the Vehicles & Parts industry
Industry Median: 3.355 vs OSTO:MEKO: 2.24

MEKO AB Net Margin % Historical Data

The historical data trend for MEKO AB'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.

MEKO AB Net Margin % Chart

MEKO AB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.44 3.67 4.56 3.15 2.43

MEKO AB Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.97 3.94 4.09 -0.09 1.18

Competitive Comparison of MEKO AB's Net Margin %

For the Auto Parts subindustry, MEKO AB'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.


MEKO AB's Net Margin % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, MEKO AB's Net Margin % distribution charts can be found below:

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



MEKO AB 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.

MEKO AB'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 )
=419/17278
=2.43 %

MEKO AB's Net Margin for the quarter that ended in Mar. 2024 is calculated as

Net Margin=Net Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=52/4390
=1.18 %

* 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.


MEKO AB  (OSTO:MEKO) 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.


MEKO AB Net Margin % Related Terms

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MEKO AB (OSTO:MEKO) Business Description

Traded in Other Exchanges
Address
Solnavagen 4, 11th Floor, Box 19542, Stockholm, SWE, SE-104 32
Meko AB functions in the car aftermarket, operating car service chains, and wholesale operations. It offers spare parts and accessories to affiliated workshops, other workshops, other business-to-business customers, and car owners. The company conducts business through segments: Denmark, Finland, Poland/the Baltics, Sweden/Norway, and Sorensen og Balchen (Norway). It generates maximum revenue from Sweden/Norway. Affiliated workshops operate under the company's brands: BilXtra, MECA Car Service, Mekonomen Bilverstad, MekoPartner, and Speedy, among others.

MEKO AB (OSTO:MEKO) Headlines

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