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Formosa Plastics (TPE:1301) Pretax Margin % : 0.75% (As of Mar. 2024)


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What is Formosa Plastics Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Formosa Plastics's Pre-Tax Income for the three months ended in Mar. 2024 was NT$361 Mil. Formosa Plastics's Revenue for the three months ended in Mar. 2024 was NT$48,108 Mil. Therefore, Formosa Plastics's pretax margin for the quarter that ended in Mar. 2024 was 0.75%.

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

TPE:1301' s Pretax Margin % Range Over the Past 10 Years
Min: 2.51   Med: 19.32   Max: 31.42
Current: 2.51


TPE:1301's Pretax Margin % is ranked worse than
64.99% of 1528 companies
in the Chemicals industry
Industry Median: 5.465 vs TPE:1301: 2.51

Formosa Plastics Pretax Margin % Historical Data

The historical data trend for Formosa Plastics'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.

Formosa Plastics Pretax Margin % Chart

Formosa Plastics 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 20.31 13.01 31.42 17.40 3.51

Formosa Plastics 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 4.72 2.21 13.48 -7.08 0.75

Competitive Comparison of Formosa Plastics's Pretax Margin %

For the Specialty Chemicals subindustry, Formosa Plastics'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.


Formosa Plastics's Pretax Margin % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Formosa Plastics's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Formosa Plastics's Pretax Margin % falls into.



Formosa Plastics 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.

Formosa Plastics'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 )
=6996.631/199138.777
=3.51 %

Formosa Plastics'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 )
=360.781/48108.493
=0.75 %

* 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.


Formosa Plastics  (TPE:1301) 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.


Formosa Plastics Pretax Margin % Related Terms

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Formosa Plastics (TPE:1301) Business Description

Traded in Other Exchanges
N/A
Address
No. 100, Shuiguan Road, Renwu District, Kaohsiung, TWN, 814
Formosa Plastics Corp is a holding company that, through its subsidiaries, manufactures and sells plastic-based products, chemical fibers, and petrochemicals. The company operates in six reportable segments: Plastics, Polyolefins, Polypropylene, Tairylan, Chemistry, and Others. The company's products run the gambit of major petrochemicals and plastics. These are used in daily necessities, outdoor sports, mechanical industry, building material coating, and other applications. The company operates primarily in Asia, including Taiwan, mainland China, among others.

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