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2 Cheap Cars Group (NZSE:2CC) Pretax Margin % : 9.77% (As of Mar. 2024)


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What is 2 Cheap Cars Group Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. 2 Cheap Cars Group's Pre-Tax Income for the six months ended in Mar. 2024 was NZ$4.34 Mil. 2 Cheap Cars Group's Revenue for the six months ended in Mar. 2024 was NZ$44.38 Mil. Therefore, 2 Cheap Cars Group's pretax margin for the quarter that ended in Mar. 2024 was 9.77%.

The historical rank and industry rank for 2 Cheap Cars Group's Pretax Margin % or its related term are showing as below:

NZSE:2CC' s Pretax Margin % Range Over the Past 10 Years
Min: 2.21   Med: 6.1   Max: 10.11
Current: 10.11


NZSE:2CC's Pretax Margin % is ranked better than
76.44% of 1286 companies
in the Vehicles & Parts industry
Industry Median: 4.475 vs NZSE:2CC: 10.11

2 Cheap Cars Group Pretax Margin % Historical Data

The historical data trend for 2 Cheap Cars Group'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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2 Cheap Cars Group Pretax Margin % Chart

2 Cheap Cars Group Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Pretax Margin %
7.19 5.01 2.21 10.11

2 Cheap Cars Group Semi-Annual Data
Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Pretax Margin % Get a 7-Day Free Trial 3.72 1.90 2.51 10.47 9.77

Competitive Comparison of 2 Cheap Cars Group's Pretax Margin %

For the Auto & Truck Dealerships subindustry, 2 Cheap Cars Group'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.


2 Cheap Cars Group's Pretax Margin % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, 2 Cheap Cars Group's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where 2 Cheap Cars Group's Pretax Margin % falls into.



2 Cheap Cars Group 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.

2 Cheap Cars Group's Pretax Margin for the fiscal year that ended in Mar. 2024 is calculated as

Pretax Margin=Pre-Tax Income (A: Mar. 2024 )/Revenue (A: Mar. 2024 )
=8.722/86.281
=10.11 %

2 Cheap Cars Group'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 )
=4.336/44.378
=9.77 %

* 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.


2 Cheap Cars Group  (NZSE:2CC) 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.


2 Cheap Cars Group Pretax Margin % Related Terms

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2 Cheap Cars Group (NZSE:2CC) Business Description

Traded in Other Exchanges
N/A
Address
102 Mays Road, Onehunga, Auckland, NTL, NZL, 1061
2 Cheap Cars Group Ltd is an integrated automotive group operating throughout New Zealand via two divisions: Automotive Retail and Finance. The 2 Cheap Cars Group draws revenue from the two divisions: automotive retail division, revenue is primarily from the sale of vehicles and from agent commissions relating to third-party finance and insurance products. NZ Motor Finance (NZMF) generates finance income from lending to customers who are financing vehicles, and from selling guaranteed asset protection insurance (GAP) and payment protection insurance (PPI) products.

2 Cheap Cars Group (NZSE:2CC) Headlines

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