Quorum Information Technologies (TSXV:QIS) Net Margin % : 6.20% (As of Dec. 2023)

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What is Quorum Information Technologies Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Quorum Information Technologies's Net Income for the three months ended in Dec. 2023 was C$0.62 Mil. Quorum Information Technologies's Revenue for the three months ended in Dec. 2023 was C$9.92 Mil. Therefore, Quorum Information Technologies's net margin for the quarter that ended in Dec. 2023 was 6.20%.

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

TSXV:QIS' s Net Margin % Range Over the Past 10 Years
Min: -7.52 Med: -1.4 Max: 4.21
Current: 0.58

TSXV:QIS's Net Margin % is ranked worse than
53.56% of 2767 companies
in the Software industry
Industry Median: 1.73 vs TSXV:QIS: 0.58

Quorum Information Technologies Net Margin % Historical Data

The historical data trend for Quorum Information Technologies'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.

Quorum Information Technologies Net Margin % Chart

Quorum Information Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Margin %

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-3.37

-6.02

-7.52

-3.64

0.58

Quorum Information Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Net Margin %	Get a 7-Day Free Trial															-1.69	-5.65	4.94	-3.05	6.20

Competitive Comparison of Quorum Information Technologies's Net Margin %

For the Software - Application subindustry, Quorum Information Technologies'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.

Quorum Information Technologies's Net Margin % Distribution in the Software Industry

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

* The bar in red indicates where Quorum Information Technologies's Net Margin % falls into.

Quorum Information Technologies 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.

Quorum Information Technologies'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 )
	=	0.234	/	40.264
	=	0.58 %

Quorum Information Technologies's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0.615	/	9.921
	=	6.20 %

Quorum Information Technologies (TSXV:QIS) 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.

Quorum Information Technologies Net Margin % Related Terms

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Quorum Information Technologies (TSXV:QIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Quorum Information Technologies Inc (TSXV:QIS) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

QIFTF:USA

Address

7500 Macleod Trail South East, Suite 200, Calgary, AB, CAN, T2H 0L9

Website

https://quoruminformationsystems.com

Quorum Information Technologies Inc is an information technology company engaged in the automotive retail business. It develops, markets, implements, and supports its software products, XSELLERATOR, a Dealership Management System for the automotive market; Autovance Desk, Menu and MyDeal, a sales desking, menuing, and digital retailing system; DealerMine Service and Sales Customer Relationship Management (CRM" system and Business Development Centre (BDC); and Quorum Advantage showroom system. The Company works with original equipment manufacturers to bring integration between the auto manufacturers and the systems that dealers use. The Company operates in one segment, the computer network, and the business software industry. Its geographical segments are Canada and the United States.

Executives

Maury Marks

Director, Senior Officer