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SolarMax Technology (SolarMax Technology) Net Margin % : -334.35% (As of Mar. 2024)


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What is SolarMax Technology Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. SolarMax Technology's Net Income for the three months ended in Mar. 2024 was $-19.27 Mil. SolarMax Technology's Revenue for the three months ended in Mar. 2024 was $5.76 Mil. Therefore, SolarMax Technology's net margin for the quarter that ended in Mar. 2024 was -334.35%.

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

SMXT' s Net Margin % Range Over the Past 10 Years
Min: -41.63   Med: -9.56   Max: 0.8
Current: -41.63


SMXT's Net Margin % is ranked worse than
62.68% of 986 companies
in the Semiconductors industry
Industry Median: 4.725 vs SMXT: -41.63

SolarMax Technology Net Margin % Historical Data

The historical data trend for SolarMax 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.

SolarMax Technology Net Margin % Chart

SolarMax Technology Annual Data
Trend Dec16 Dec17 Dec18 Dec20 Dec21 Dec22 Dec23
Net Margin %
Get a 7-Day Free Trial -16.25 0.74 -8.80 -15.37 0.80

SolarMax Technology Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 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 5.77 -12.59 10.26 0.69 -334.35

Competitive Comparison of SolarMax Technology's Net Margin %

For the Solar subindustry, SolarMax 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.


SolarMax Technology's Net Margin % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, SolarMax Technology's Net Margin % distribution charts can be found below:

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



SolarMax 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.

SolarMax Technology'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 )
=0.435/54.139
=0.80 %

SolarMax Technology'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 )
=-19.272/5.764
=-334.35 %

* 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.


SolarMax Technology  (NAS:SMXT) 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.


SolarMax Technology Net Margin % Related Terms

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SolarMax Technology (SolarMax Technology) Business Description

Comparable Companies
Traded in Other Exchanges
Address
3080 12th Street, Riverside, CA, USA, 92507
SolarMax Technology Inc is an integrated solar and renewable energy company. It operates in two segments namely the United States and China. The United States business includes the sale and installation of photovoltaic and battery backup systems. China operations consist of operating and maintaining solar farm projects and identifying and procuring solar farm projects for resale to third parties. Some of its products are LG Solar Panels, QCELL Solar Panels, Panasonic Solar Panels, and others. The company generates a majority of its revenue from the Solar energy systems.

SolarMax Technology (SolarMax Technology) Headlines