MiX Telematics Profit Margin

MiX Telematics posts a profit margin of 3.72% as of December 2023. That compares with 3.98% in the prior-year period — down 6.7% year over year. That is below the Technology sector average of 33.7%. Comparing that reading with peers and prior periods is usually more useful than looking at the number in isolation.

In the prior comparable period, MiX Telematics's profit margin was 3.98%. The latest reading is 3.72% — a 6.7% year-over-year decrease (period ending December 2023). Use the history and growth charts on this page for a longer lookback.

For Technology stocks, a profit margin near 33.7% is typical. MiX Telematics's 3.72% is lower that level. That is roughly 89.0% below the sector mean. Whether that is a warning or an opportunity depends on growth outlook and other fundamentals shown elsewhere on Stockcircle.

MiX Telematics's profit margin moves when the underlying profit, equity, or asset base changes. Cost cuts, pricing power, buybacks, write-downs, and cyclical swings can all shift the percentage. The latest reading is 3.72% as of December 2023; use YoY and peer views to separate noise from signal.

Context for MIXT's profit margin usually means three checks: (1) trend versus prior periods, (2) level versus peers (average 33.7%), and (3) consistency with growth and profitability. This page covers the first two; MiX Telematics's other metric pages and overview cover the third.