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Legible (XCNQ:READ) Net Margin % : -15,890.00% (As of Sep. 2023)


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What is Legible Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Legible's Net Income for the three months ended in Sep. 2023 was C$-1.59 Mil. Legible's Revenue for the three months ended in Sep. 2023 was C$0.01 Mil. Therefore, Legible's net margin for the quarter that ended in Sep. 2023 was -15,890.00%.

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

XCNQ:READ' s Net Margin % Range Over the Past 10 Years
Min: -41819.05   Med: -41819.05   Max: -12446.43
Current: -12446.43


XCNQ:READ's Net Margin % is ranked worse than
99.61% of 1036 companies
in the Media - Diversified industry
Industry Median: 1.55 vs XCNQ:READ: -12446.43

Legible Net Margin % Historical Data

The historical data trend for Legible'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.

Legible Net Margin % Chart

Legible Annual Data
Trend Jun20 Jun21 Dec22
Net Margin %
- - -41,819.05

Legible Quarterly Data
Mar20 Jun20 Sep20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -249,800.00 -19,633.33 -9,700.00 -11,063.64 -15,890.00

Competitive Comparison of Legible's Net Margin %

For the Publishing subindustry, Legible'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.


Legible's Net Margin % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Legible's Net Margin % distribution charts can be found below:

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



Legible 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.

Legible's Net Margin for the fiscal year that ended in Dec. 2022 is calculated as

Net Margin=Net Income (A: Dec. 2022 )/Revenue (A: Dec. 2022 )
=-8.782/0.021
=-41,819.05 %

Legible's Net Margin for the quarter that ended in Sep. 2023 is calculated as

Net Margin=Net Income (Q: Sep. 2023 )/Revenue (Q: Sep. 2023 )
=-1.589/0.01
=-15,890.00 %

* 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.


Legible  (XCNQ:READ) 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.


Legible Net Margin % Related Terms

Thank you for viewing the detailed overview of Legible's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Legible (XCNQ:READ) Business Description

Traded in Other Exchanges
Address
2230 Ontario Street, Vancouver, BC, CAN, V5T 2X2
Legible Inc is a book entertainment and media company. The Company has developed two high-value verticals; firstly, a browser first accessible B2C eBook entertainment platform for the emerging web with high-growth potential called legible.com - an eBook entertainment platform delivering beautiful, accessible & immersive reading for next-generation readers; and secondly, a B2B eBook conversion and production service with high-revenue potential called Legible Publishing.
Executives
Angela Jean Doll Senior Officer

Legible (XCNQ:READ) Headlines

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