Novus Acquisition & Development (Novus Acquisition & Development) Pretax Margin % : 45.35% (As of Sep. 2023)

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What is Novus Acquisition & Development Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Novus Acquisition & Development's Pre-Tax Income for the three months ended in Sep. 2023 was $0.04 Mil. Novus Acquisition & Development's Revenue for the three months ended in Sep. 2023 was $0.09 Mil. Therefore, Novus Acquisition & Development's pretax margin for the quarter that ended in Sep. 2023 was 45.35%.

The historical rank and industry rank for Novus Acquisition & Development's Pretax Margin % or its related term are showing as below:

NDEV' s Pretax Margin % Range Over the Past 10 Years
Min: 0 Med: 0 Max: 45.35
Current: 45.35

NDEV's Pretax Margin % is ranked better than
91.62% of 489 companies
in the Insurance industry
Industry Median: 10.4 vs NDEV: 45.35

Novus Acquisition & Development Pretax Margin % Historical Data

The historical data trend for Novus Acquisition & Development's Pretax 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.

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Novus Acquisition & Development Pretax Margin % Chart

Novus Acquisition & Development Annual Data

Trend

Pretax Margin %

Novus Acquisition & Development Quarterly Data
	Sep22	Sep23
Pretax Margin %	38.96	45.35

Competitive Comparison of Novus Acquisition & Development's Pretax Margin %

For the Insurance - Diversified subindustry, Novus Acquisition & Development's Pretax Margin %, along with its competitors' market caps and Pretax 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.

Novus Acquisition & Development's Pretax Margin % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Novus Acquisition & Development's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Novus Acquisition & Development's Pretax Margin % falls into.

Novus Acquisition & Development Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Novus Acquisition & Development's Pretax Margin for the fiscal year that ended in . 20 is calculated as

Pretax Margin	=	Pre-Tax Income (A: . 20 )	/	Revenue (A: . 20 )
	=		/
	=	%

Novus Acquisition & Development's Pretax Margin for the quarter that ended in Sep. 2023 is calculated as

Pretax Margin	=	Pre-Tax Income (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	0.039	/	0.086
	=	45.35 %

Novus Acquisition & Development (OTCPK:NDEV) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.

Novus Acquisition & Development Pretax Margin % Related Terms

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Novus Acquisition & Development (Novus Acquisition & Development) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Novus Acquisition & Development Corp (OTCPK:NDEV) » Definitions » Pretax Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2665 South Bayshore Drive, Suite 220, Miami, FL, USA, 33131

Website

https://www.getnovusnow.com

Novus Acquisition & Development Corp is a holding company operating through its subsidiaries. It offers health, life, and annuity insurance products and services. The company initiated its health insurance business model within the medical marijuana space, where it can render risk and non-risk insurance models. It operates throughout the United States.