IGO Profit margin
What is the Profit margin of IGO?
The Profit margin of IGO Limited is 0.33%
What is the definition of Profit margin?
Profit margin is a measure of profitability and is calculated by finding the net profit as a percentage of the revenue.
lfy (last fiscal year)
Profit margin is calculated with the selling price (or revenue) taken as base times 100. It is the percentage of selling price that is turned into profit. Profit percentages are calculated to find the ratio of profit to cost of an investment. Profit margin is an indicator of a company's pricing strategies and how well it controls costs. Differences in competitive strategy and product mix cause the profit margin to vary among different companies. The profit margin is used mostly for internal comparisons. It is difficult to accurately compare the net profit ratio for different entities. Individual businesses' operating and financing arrangements vary so much that different entities are bound to have different levels of expenditure, so that comparison of one with another can have little meaning. A low profit margin indicates a low margin of safety: higher risk that a decline in sales will erase profits and result in a net loss, or a negative margin.
Profit margin of companies in the Materials sector on ASX compared to IGO
What does IGO do?
IGO Limited operates as an exploration and mining company that engages in discovering, developing, and operating assets focused on metals to enable clean energy in Australia. It owns and operates a 100% interest in the Nova nickel-copper-cobalt operation located in the Great Western Woodlands, northeast of Norseman. The company's primary properties are the Fraser Range nickel-copper and Paterson copper projects. It focuses on investing in lithium mines, as well as holds 100% interest in the downstream processing refinery at Kwinana in Western Australia to produce battery grade lithium hydroxide. The company was formerly known as Independence Group NL and changed its name to IGO Limited in January 2020. IGO Limited was incorporated in 2000 and is headquartered in Perth, Australia.
Companies with profit margin similar to IGO
- Hi-Level Technology has Profit margin of 0.33%
- Pearl River has Profit margin of 0.33%
- China Daye Non-Ferrous Metals Mining has Profit margin of 0.33%
- Rama Steel Tubes has Profit margin of 0.33%
- China International Marine Containers () Co has Profit margin of 0.33%
- JMC Projects (India) has Profit margin of 0.33%
- IGO has Profit margin of 0.33%
- Rosier SA has Profit margin of 0.33%
- Pioneer Credit has Profit margin of 0.34%
- Ling Yui has Profit margin of 0.34%
- Helmerich & Payne has Profit margin of 0.34%
- HRL has Profit margin of 0.34%
- TTEC Inc has Profit margin of 0.34%