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Digihost Technology (TSXV:DGHI) Net Margin % : 37.38% (As of Mar. 2024)


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What is Digihost Technology Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Digihost Technology's Net Income for the three months ended in Mar. 2024 was C$6.56 Mil. Digihost Technology's Revenue for the three months ended in Mar. 2024 was C$17.54 Mil. Therefore, Digihost Technology's net margin for the quarter that ended in Mar. 2024 was 37.38%.

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

TSXV:DGHI' s Net Margin % Range Over the Past 10 Years
Min: -146.1   Med: -48.19   Max: 17.9
Current: -22.63


TSXV:DGHI's Net Margin % is ranked worse than
75.75% of 2767 companies
in the Software industry
Industry Median: 1.73 vs TSXV:DGHI: -22.63

Digihost Technology Net Margin % Historical Data

The historical data trend for Digihost 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.

Digihost Technology Net Margin % Chart

Digihost Technology Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
- -146.10 -12.56 17.90 -83.81

Digihost Technology Quarterly Data
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 -221.55 -56.37 2.54 -89.83 37.38

Competitive Comparison of Digihost Technology's Net Margin %

For the Software - Application subindustry, Digihost 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.


Digihost Technology's Net Margin % Distribution in the Software Industry

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

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



Digihost 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.

Digihost 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 )
=-29.361/35.033
=-83.81 %

Digihost 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 )
=6.557/17.54
=37.38 %

* 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.


Digihost Technology  (TSXV:DGHI) 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.


Digihost Technology Net Margin % Related Terms

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Digihost Technology (TSXV:DGHI) Business Description

Traded in Other Exchanges
Address
18 King Street East, Suite 902, Toronto, ON, CAN, M5C 1C4
Digihost Technology Inc is a blockchain company focused on Bitcoin mining. The company's mining facility is located in Buffalo, New York, and is equipped with an 18.7 MVA 115,000-kilovolt ampere outdoor substation with an option to increase the power output to 42MVA.