Spinnova Oyj
OMXH:SPINN
Operating Margin
Spinnova Oyj
Operating Margin represents how efficiently a company is able to generate profit through its core operations.
Higher ratios are generally better, illustrating the company is efficient in its operations and is good at turning sales into profits.
Operating Margin Across Competitors
| Country | Company | Market Cap |
Operating Margin |
||
|---|---|---|---|---|---|
| FI |
S
|
Spinnova Oyj
OMXH:SPINN
|
20.3m EUR |
-1 948%
|
|
| CN |
S
|
Shijiazhuang ChangShan BeiMing Technology Co Ltd
SZSE:000158
|
36.1B CNY |
0%
|
|
| TW |
|
Eclat Textile Co Ltd
TWSE:1476
|
113.6B TWD |
21%
|
|
| IN |
S
|
Spentex Industries Ltd
NSE:SPENTEX
|
291.1B INR |
-757%
|
|
| HK |
C
|
Cecep Costin New Materials Group Ltd
HKEX:2228
|
20.7B HKD |
-269%
|
|
| TW |
|
Ruentex Industries Ltd
TWSE:2915
|
58.4B TWD |
7%
|
|
| IN |
W
|
Welspun India Ltd
NSE:WELSPUNIND
|
146.2B INR |
8%
|
|
| IN |
T
|
Trident Ltd
NSE:TRIDENT
|
135B INR |
7%
|
|
| UK |
|
Coats Group PLC
LSE:COA
|
1.2B GBP |
16%
|
|
| CN |
H
|
Hmt Xiamen New Technical Materials Co Ltd
SSE:603306
|
11.3B CNY |
16%
|
|
| IN |
|
Vardhman Textiles Ltd
NSE:VTL
|
129.2B INR |
9%
|
Spinnova Oyj
Glance View
Spinnova Oyj engages in the production and distribution of textile fibres and wood fabrics. The company is headquartered in Jyvaskyla, Lansi-Suomen and currently employs 81 full-time employees. The company went IPO on 2021-06-24. Spinnova Oyj has developed a new technology for making textile fiber out of wood and waste such as leather, textile or food waste, without harmful chemicals. SPINNOVA fiber does not produce any waste or side streams and is produced with minimal water usage and with minimal CO2 emissions. The fiber is recyclable, quickly biodegradable, does not contain microplastics and can be produced without solvents or other harmful chemicals or additives. The target customers for Spinnova fiber consist of large multinational textile brands, especially clothing brands that use a lot of cotton and/or have the intention of reducing their environmental impact. The firm has a production plant in Jyvaskyla.
See Also
Operating Margin represents how efficiently a company is able to generate profit through its core operations.
Higher ratios are generally better, illustrating the company is efficient in its operations and is good at turning sales into profits.
Based on Spinnova Oyj's most recent financial statements, the company has Operating Margin of -1 948.4%.
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