Miramar Hotel & Investment Co (HKSE:00071) Pretax Margin % : 47.82% (As of Dec. 2023)

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What is Miramar Hotel & Investment Co Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Miramar Hotel & Investment Co's Pre-Tax Income for the six months ended in Dec. 2023 was HK$674 Mil. Miramar Hotel & Investment Co's Revenue for the six months ended in Dec. 2023 was HK$1,410 Mil. Therefore, Miramar Hotel & Investment Co's pretax margin for the quarter that ended in Dec. 2023 was 47.82%.

The historical rank and industry rank for Miramar Hotel & Investment Co's Pretax Margin % or its related term are showing as below:

HKSE:00071' s Pretax Margin % Range Over the Past 10 Years
Min: 31.06 Med: 46.99 Max: 56.83
Current: 44.2

HKSE:00071's Pretax Margin % is ranked better than
83.22% of 1776 companies
in the Real Estate industry
Industry Median: 8.73 vs HKSE:00071: 44.20

Miramar Hotel & Investment Co Pretax Margin % Historical Data

The historical data trend for Miramar Hotel & Investment Co'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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Miramar Hotel & Investment Co Pretax Margin % Chart

Miramar Hotel & Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Pretax Margin %

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48.37

31.06

33.90

41.97

44.20

Miramar Hotel & Investment Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Pretax Margin %	Get a 7-Day Free Trial															32.27	42.64	41.48	39.73	47.82

Competitive Comparison of Miramar Hotel & Investment Co's Pretax Margin %

For the Real Estate Services subindustry, Miramar Hotel & Investment Co'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.

Miramar Hotel & Investment Co's Pretax Margin % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Miramar Hotel & Investment Co's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Miramar Hotel & Investment Co's Pretax Margin % falls into.

Miramar Hotel & Investment Co 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.

Miramar Hotel & Investment Co'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 )
	=	1128.145	/	2552.594
	=	44.20 %

Miramar Hotel & Investment Co's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as

Pretax Margin	=	Pre-Tax Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	674.447	/	1410.499
	=	47.82 %

Miramar Hotel & Investment Co (HKSE:00071) 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.

Miramar Hotel & Investment Co Pretax Margin % Related Terms

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Miramar Hotel & Investment Co (HKSE:00071) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Miramar Hotel & Investment Co Ltd (HKSE:00071) » Definitions » Pretax Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

132 Nathan Road, 15th Floor, Mira Place Tower A, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.miramar-group.com

Miramar Hotel & Investment Co Ltd is an investment holding company. It operates in five segments: Property rental, which includes leasing of office and retail premises to generate rental income and to gain from the appreciation in properties values in the long term; Hotels & serviced apartments segment operates hotels and serviced apartments and provision of hotel management services; Food & beverage operation segment operates restaurants; Travel operation segment is engaged in the operation of travel agency services; and Others. Its geographical segments are Hong Kong and China, of which Hong Kong accounts for the majority of its revenue.

Executives

Lee Ka Shing	2501 Other
Multiglade Holdings Limited
Aynbury Investments Limited	2201 Interest of corporation controlled by you
Henderson Development Limited	2201 Interest of corporation controlled by you
Henderson Land Development Company Limited	2201 Interest of corporation controlled by you
Hopkins (cayman) Limited	2201 Interest of corporation controlled by you
Riddick (cayman) Limited	2301 Trustee
Rimmer (cayman) Limited	2301 Trustee
Lee Shau Kee	2501 Other

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