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1606 (CBDW) Pretax Margin % : -4,085.71% (As of Mar. 2024)


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What is 1606 Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. 1606's Pre-Tax Income for the three months ended in Mar. 2024 was $-0.29 Mil. 1606's Revenue for the three months ended in Mar. 2024 was $0.01 Mil. Therefore, 1606's pretax margin for the quarter that ended in Mar. 2024 was -4,085.71%.

The historical rank and industry rank for 1606's Pretax Margin % or its related term are showing as below:

CBDW' s Pretax Margin % Range Over the Past 10 Years
Min: -79050   Med: -3857.14   Max: -885.29
Current: -22485.71


CBDW's Pretax Margin % is ranked worse than
100% of 51 companies
in the Tobacco Products industry
Industry Median: 8.75 vs CBDW: -22485.71

1606 Pretax Margin % Historical Data

The historical data trend for 1606'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.

* Premium members only.

1606 Pretax Margin % Chart

1606 Annual Data
Trend Dec21 Dec22 Dec23
Pretax Margin %
-885.29 -3,857.14 -79,050.00

1606 Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only -29,300.00 - - - -4,085.71

Competitive Comparison of 1606's Pretax Margin %

For the Tobacco subindustry, 1606'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.


1606's Pretax Margin % Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, 1606's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where 1606's Pretax Margin % falls into.



1606 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.

1606'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 )
=-1.581/0.002
=-79,050.00 %

1606'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 )
=-0.286/0.007
=-4,085.71 %

* 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.


1606  (OTCPK:CBDW) 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.


1606 Pretax Margin % Related Terms

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1606 (CBDW) Business Description

Traded in Other Exchanges
N/A
Address
2425 E. Camelback Road, Suite 150, Phoenix, AZ, USA, 85016
Website
1606 Corp offers nicotine-free and tobacco-free alternatives to traditional cigarettes and vaping products. Its products are manufactured with a blend of all-natural ingredients to provide smokers aged 21+ an alternative to traditional cigarettes that do not contain nicotine or tobacco and promote health benefits such as pain management, reduced anxiety, and enhance wakefulness. Smokable hemp is a Company Product That is an alternative for customers that currently smoke or want to quit smoking nicotine.