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Corporacion Aceros Arequipa (LIM:CORAREC1) Pretax Margin % : 7.50% (As of Mar. 2024)


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What is Corporacion Aceros Arequipa Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Corporacion Aceros Arequipa's Pre-Tax Income for the three months ended in Mar. 2024 was S/.85 Mil. Corporacion Aceros Arequipa's Revenue for the three months ended in Mar. 2024 was S/.1,131 Mil. Therefore, Corporacion Aceros Arequipa's pretax margin for the quarter that ended in Mar. 2024 was 7.50%.

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

LIM:CORAREC1' s Pretax Margin % Range Over the Past 10 Years
Min: 2.2   Med: 7.18   Max: 19.36
Current: 3.33


LIM:CORAREC1's Pretax Margin % is ranked worse than
51.42% of 599 companies
in the Steel industry
Industry Median: 3.54 vs LIM:CORAREC1: 3.33

Corporacion Aceros Arequipa Pretax Margin % Historical Data

The historical data trend for Corporacion Aceros Arequipa'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.

Corporacion Aceros Arequipa Pretax Margin % Chart

Corporacion Aceros Arequipa Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.26 9.11 19.36 6.63 2.20

Corporacion Aceros Arequipa Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.90 4.18 -0.68 3.21 7.50

Competitive Comparison of Corporacion Aceros Arequipa's Pretax Margin %

For the Steel subindustry, Corporacion Aceros Arequipa'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.


Corporacion Aceros Arequipa's Pretax Margin % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Corporacion Aceros Arequipa's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Corporacion Aceros Arequipa's Pretax Margin % falls into.



Corporacion Aceros Arequipa 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.

Corporacion Aceros Arequipa'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 )
=102.913/4678.18
=2.20 %

Corporacion Aceros Arequipa'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 )
=84.871/1131.004
=7.50 %

* 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.


Corporacion Aceros Arequipa  (LIM:CORAREC1) 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.


Corporacion Aceros Arequipa Pretax Margin % Related Terms

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Corporacion Aceros Arequipa (LIM:CORAREC1) Business Description

Traded in Other Exchanges
Address
Carretera Panamericana Sur Km. 241, Paracas, Pisco, PER
Corporacion Aceros Arequipa SA is a Peru-based company that manufactures, distributes, and markets iron, steel, and other metal products. Its product portfolio consists of rebar, flat bars, merchant bars, coils, sheets, tubes, and corrugated sheets, among others. The firm's products are used in construction, mining, heavy metalworking industry, and others. Geographically the majority of its revenue comes from Peru.

Corporacion Aceros Arequipa (LIM:CORAREC1) Headlines

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