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Recon Technology (Recon Technology) Net Margin % : -135.88% (As of Jun. 2023)


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What is Recon Technology Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Recon Technology's Net Income for the six months ended in Jun. 2023 was $-4.09 Mil. Recon Technology's Revenue for the six months ended in Jun. 2023 was $3.01 Mil. Therefore, Recon Technology's net margin for the quarter that ended in Jun. 2023 was -135.88%.

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

RCON' s Net Margin % Range Over the Past 10 Years
Min: -96.29   Med: -49.92   Max: 114.1
Current: -87.74


RCON's Net Margin % is ranked worse than
88.99% of 981 companies
in the Oil & Gas industry
Industry Median: 4.07 vs RCON: -87.74

Recon Technology Net Margin % Historical Data

The historical data trend for Recon Technology'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.

Recon Technology Net Margin % Chart

Recon Technology Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -24.77 -29.27 -47.63 114.10 -88.16

Recon Technology Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 -61.03 204.66 -53.72 -65.57 -135.88

Competitive Comparison of Recon Technology's Net Margin %

For the Oil & Gas Equipment & Services subindustry, Recon Technology'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.


Recon Technology's Net Margin % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Recon Technology's Net Margin % distribution charts can be found below:

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



Recon Technology 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.

Recon Technology's Net Margin for the fiscal year that ended in Jun. 2023 is calculated as

Net Margin=Net Income (A: Jun. 2023 )/Revenue (A: Jun. 2023 )
=-8.262/9.372
=-88.16 %

Recon Technology's Net Margin for the quarter that ended in Jun. 2023 is calculated as

Net Margin=Net Income (Q: Jun. 2023 )/Revenue (Q: Jun. 2023 )
=-4.09/3.01
=-135.88 %

* 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.


Recon Technology  (NAS:RCON) 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.


Recon Technology Net Margin % Related Terms

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Recon Technology (Recon Technology) Business Description

Traded in Other Exchanges
Address
No. 1 Shui’an South Street, Room 601, Chaoyang District, Beijing, CHN, 100012
Recon Technology Ltd is an oilfield service company. The company is engaged in the sale of oilfield automation products, equipment for oil and gas production and transportation, and engineering services. It has four reportable operating segments: Automation Product and Software, Equipment and Accessories, Platform outsourcing services, and Oilfield Environmental Protection. Majority of the firm's revenue comes from the Automation Product and Software segment.