Bitdeer Technologies Group (Bitdeer Technologies Group) Pretax Margin % : 0.55% (As of Mar. 2024)

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What is Bitdeer Technologies Group Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Bitdeer Technologies Group's Pre-Tax Income for the three months ended in Mar. 2024 was $0.7 Mil. Bitdeer Technologies Group's Revenue for the three months ended in Mar. 2024 was $119.5 Mil. Therefore, Bitdeer Technologies Group's pretax margin for the quarter that ended in Mar. 2024 was 0.55%.

The historical rank and industry rank for Bitdeer Technologies Group's Pretax Margin % or its related term are showing as below:

BTDR' s Pretax Margin % Range Over the Past 10 Years
Min: -34.73 Med: -19.43 Max: 33.16
Current: -9.6

BTDR's Pretax Margin % is ranked worse than
67.65% of 2767 companies
in the Software industry
Industry Median: 2.31 vs BTDR: -9.60

Bitdeer Technologies Group Pretax Margin % Historical Data

The historical data trend for Bitdeer Technologies Group'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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Bitdeer Technologies Group Pretax Margin % Chart

Bitdeer Technologies Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Pretax Margin %

-34.73

-34.22

33.16

-19.43

-13.83

Bitdeer Technologies Group Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Pretax Margin %	Get a 7-Day Free Trial								-14.38	-44.98	-3.73	4.28	0.55

Competitive Comparison of Bitdeer Technologies Group's Pretax Margin %

For the Software - Application subindustry, Bitdeer Technologies Group'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.

Bitdeer Technologies Group's Pretax Margin % Distribution in the Software Industry

For the Software industry and Technology sector, Bitdeer Technologies Group's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Bitdeer Technologies Group's Pretax Margin % falls into.

Bitdeer Technologies Group 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.

Bitdeer Technologies Group's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Margin	=	Pre-Tax Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	-50.971	/	368.554
	=	-13.83 %

Bitdeer Technologies Group's Pretax Margin for the quarter that ended in Mar. 2024 is calculated as

Pretax Margin	=	Pre-Tax Income (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	0.652	/	119.506
	=	0.55 %

Bitdeer Technologies Group (NAS:BTDR) 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.

Bitdeer Technologies Group Pretax Margin % Related Terms

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Bitdeer Technologies Group (Bitdeer Technologies Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bitdeer Technologies Group (NAS:BTDR) » Definitions » Pretax Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

08 Kallang Avenue, Aperia tower 1, No. 09-03/04, Singapore, SGP, 339509

Website

https://www.bitdeer.com

Bitdeer Technologies Group is principally engaged in provision of digital asset mining services. Its major business segments are: proprietary mining, cloud hash rate sharing and cloud hosting. The company operates five proprietary mining datacenters in the United States and Norway.