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Wuxi Paike New Materials Technology Co (SHSE:605123) Pretax Margin % : 10.48% (As of Mar. 2024)


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What is Wuxi Paike New Materials Technology Co Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Wuxi Paike New Materials Technology Co's Pre-Tax Income for the three months ended in Mar. 2024 was ¥79 Mil. Wuxi Paike New Materials Technology Co's Revenue for the three months ended in Mar. 2024 was ¥749 Mil. Therefore, Wuxi Paike New Materials Technology Co's pretax margin for the quarter that ended in Mar. 2024 was 10.48%.

The historical rank and industry rank for Wuxi Paike New Materials Technology Co's Pretax Margin % or its related term are showing as below:

SHSE:605123' s Pretax Margin % Range Over the Past 10 Years
Min: 10.49   Med: 18.85   Max: 21.27
Current: 13.59


SHSE:605123's Pretax Margin % is ranked better than
77.08% of 2975 companies
in the Industrial Products industry
Industry Median: 6.51 vs SHSE:605123: 13.59

Wuxi Paike New Materials Technology Co Pretax Margin % Historical Data

The historical data trend for Wuxi Paike New Materials Technology 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.

* Premium members only.

Wuxi Paike New Materials Technology Co Pretax Margin % Chart

Wuxi Paike New Materials Technology Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pretax Margin %
Get a 7-Day Free Trial 21.27 19.76 20.09 18.35 15.35

Wuxi Paike New Materials Technology Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 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 17.84 16.26 17.66 9.05 10.48

Competitive Comparison of Wuxi Paike New Materials Technology Co's Pretax Margin %

For the Metal Fabrication subindustry, Wuxi Paike New Materials Technology 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.


Wuxi Paike New Materials Technology Co's Pretax Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Wuxi Paike New Materials Technology Co's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Wuxi Paike New Materials Technology Co's Pretax Margin % falls into.



Wuxi Paike New Materials Technology 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.

Wuxi Paike New Materials Technology 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 )
=555.235/3618.306
=15.35 %

Wuxi Paike New Materials Technology Co'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 )
=78.539/749.446
=10.48 %

* 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.


Wuxi Paike New Materials Technology Co  (SHSE:605123) 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.


Wuxi Paike New Materials Technology Co Pretax Margin % Related Terms

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Wuxi Paike New Materials Technology Co (SHSE:605123) Business Description

Traded in Other Exchanges
N/A
Address
Lianhe Road, Hudai Industrial Resettlement Zone, North District, Binhu District, Jiangsu Province, Wuxi, CHN, 214161
Wuxi Paike New Materials Technology Co Ltd is engaged in production and sales of metal forgings. Its main products are ring forgings and various types of free forgings. The company's products are categorized as Chemical & Petroleum; Machinery; Valve; Power; Marine; and High End Products.

Wuxi Paike New Materials Technology Co (SHSE:605123) Headlines

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