Tonking New Energy Group Holdings (HKSE:08326) Pretax Margin % : 2.03% (As of Sep. 2023)

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What is Tonking New Energy Group Holdings Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Tonking New Energy Group Holdings's Pre-Tax Income for the three months ended in Sep. 2023 was HK$1.9 Mil. Tonking New Energy Group Holdings's Revenue for the three months ended in Sep. 2023 was HK$92.3 Mil. Therefore, Tonking New Energy Group Holdings's pretax margin for the quarter that ended in Sep. 2023 was 2.03%.

The historical rank and industry rank for Tonking New Energy Group Holdings's Pretax Margin % or its related term are showing as below:

HKSE:08326' s Pretax Margin % Range Over the Past 10 Years
Min: -3.68 Med: 3.5 Max: 6.48
Current: 4.33

HKSE:08326's Pretax Margin % is ranked worse than
65.63% of 416 companies
in the Utilities - Independent Power Producers industry
Industry Median: 11.595 vs HKSE:08326: 4.33

Tonking New Energy Group Holdings Pretax Margin % Historical Data

The historical data trend for Tonking New Energy Group Holdings'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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Tonking New Energy Group Holdings Pretax Margin % Chart

Tonking New Energy Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Pretax Margin %

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6.48

4.00

-3.68

2.06

5.41

Tonking New Energy Group Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Pretax Margin %	Get a 7-Day Free Trial															9.73	3.98	4.58	5.63	2.03

Competitive Comparison of Tonking New Energy Group Holdings's Pretax Margin %

For the Utilities - Renewable subindustry, Tonking New Energy Group Holdings'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.

Tonking New Energy Group Holdings's Pretax Margin % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Tonking New Energy Group Holdings's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Tonking New Energy Group Holdings's Pretax Margin % falls into.

Tonking New Energy Group Holdings 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.

Tonking New Energy Group Holdings's Pretax Margin for the fiscal year that ended in Mar. 2023 is calculated as

Pretax Margin	=	Pre-Tax Income (A: Mar. 2023 )	/	Revenue (A: Mar. 2023 )
	=	37.269	/	688.965
	=	5.41 %

Tonking New Energy Group Holdings'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 )
	=	1.871	/	92.32
	=	2.03 %

Tonking New Energy Group Holdings (HKSE:08326) 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.

Tonking New Energy Group Holdings Pretax Margin % Related Terms

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Tonking New Energy Group Holdings (HKSE:08326) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Tonking New Energy Group Holdings Ltd (HKSE:08326) » Definitions » Pretax Margin %

Traded in Other Exchanges

N/A

Address

67 Mody Road, Room 701, 7th Floor, Peninsula Centre, Tsimshatsui, Kowloon, Hong Kong, HKG

Website

http://www.tonkinggroup.com.hk

Tonking New Energy Group Holdings Ltd is an investment holding company. The Company's principal activity is the renewable energy business in the People's Republic of China. Its operating segments includes Sales of the patented photovoltaic tracking mounting bracket systems; Provision of one-stop value added solution for photovoltaic power stations and Sales of electricity. The company generates maximum revenue from the Sales of the patented photovoltaic tracking mounting bracket systems segment. The business of the group is primarily operated through Hong Kong and China of which China accounts for a larger share of the revenue.

Executives

Wu Jiannong	2201 Interest of corporation controlled by you
Rise Triumph Limited	2101 Beneficial owner
Xu Jun	2101 Beneficial owner
Victory Stand International Limited	2101 Beneficial owner
Wu Kai Char	2201 Interest of corporation controlled by you

Tonking New Energy Group Holdings (HKSE:08326) Headlines

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