Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Contango Ore's Pre-Tax Income for the
three
months ended in Dec. 2023 was $-27.62 Mil. Contango Ore's Revenue for the
three
months ended in Dec. 2023 was $0.00 Mil. Therefore, Contango Ore's pretax margin for the quarter that ended in Dec. 2023 was %.
The historical rank and industry rank for Contango Ore's Pretax Margin % or its related term are showing as below:
CTGO's Pretax Margin % is not ranked *
in the Metals & Mining industry.
Industry Median: 0.585 * Ranked among companies with meaningful Pretax Margin % only.
Contango Ore Pretax Margin % Historical Data
The historical data trend for Contango Ore'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.
Competitive Comparison of Contango Ore's Pretax Margin %
For the Gold subindustry, Contango Ore'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.
Contango Ore's Pretax Margin % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Contango Ore's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Contango Ore's Pretax Margin % falls into.
Contango Ore 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.
Contango Ore's Pretax Margin for the fiscal year that ended in Jun. 2023 is calculated as
* 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.
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.
Contango Ore Pretax Margin % Related Terms
Thank you for viewing the detailed overview of Contango Ore's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Contango Ore Inc operates in the United States. The company is engaged in the exploration of gold, silver, and copper ores in the State of Alaska. The company's primary focus is the exploration of a mineral lease with the Native Village of Tetlin whose governmental entity is the Tetlin Tribal Council for the exploration of minerals near Tok, Alaska. It has formed a joint venture to advance exploration of the Tetlin Property, which is prospective for gold and associated minerals. The Tetlin Property is located in the Tetlin Hills and Mentasta Mountains of eastern interior Alaska.
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