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Net margin required for 100bn revenue, pre-2016 vs filed years

Pre-2016 vs filed years

EstimateOur model or estimate. Treat it as an order of magnitude.

The values

  • Parent year to February 2015: 2.0%
  • Implied group year to March 2014 best year: 8.2%
  • Filed group margin year to March 2017: 25.3%
  • Filed group margin year to March 2026: 23.1%
  • Parent margin year to February 2021: 15.5%

Where it comes from

Our calculation from other figures in the trainer’s notes.

Show the working
  1. 2,039/100,000 = 2.0%
  2. 8,209/100,000 = 8.2%
  3. 42,045/166,109 = 25.3%
  4. 255,139/1,102,861 = 23.1%
  5. 18,630/120,019 = 15.5%
  6. A ¥100bn parent pre-2016 would need a net margin ≤2%
  7. a ¥100bn group would need ≤

Where it’s used

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