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Minera IRL (XCNQ:MIRL) Pretax Margin % : -19.25% (As of Mar. 2024)


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What is Minera IRL Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Minera IRL's Pre-Tax Income for the three months ended in Mar. 2024 was C$-2.95 Mil. Minera IRL's Revenue for the three months ended in Mar. 2024 was C$15.33 Mil. Therefore, Minera IRL's pretax margin for the quarter that ended in Mar. 2024 was -19.25%.

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

XCNQ:MIRL' s Pretax Margin % Range Over the Past 10 Years
Min: -53.35   Med: -23.11   Max: 62.87
Current: -37.17


XCNQ:MIRL's Pretax Margin % is ranked worse than
68.69% of 856 companies
in the Metals & Mining industry
Industry Median: 0.585 vs XCNQ:MIRL: -37.17

Minera IRL Pretax Margin % Historical Data

The historical data trend for Minera IRL'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.

Minera IRL Pretax Margin % Chart

Minera IRL Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -16.96 -22.91 62.87 -0.87 -43.25

Minera IRL Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 -54.42 -56.09 -65.94 -36.39 -19.25

Competitive Comparison of Minera IRL's Pretax Margin %

For the Gold subindustry, Minera IRL'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.


Minera IRL's Pretax Margin % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Minera IRL's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Minera IRL's Pretax Margin % falls into.



Minera IRL 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.

Minera IRL's Pretax Margin for the fiscal year that ended in Dec. 2022 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2022 )/Revenue (A: Dec. 2022 )
=-21.735/50.255
=-43.25 %

Minera IRL'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 )
=-2.952/15.332
=-19.25 %

* 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.


Minera IRL  (XCNQ:MIRL) 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.


Minera IRL Pretax Margin % Related Terms

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Minera IRL (XCNQ:MIRL) Business Description

Traded in Other Exchanges
Address
15 Esplanade, Hawksford House, Saint Helier, JEY, JE1 1RB
Minera IRL Ltd is engaged in the development and operation of gold mines in Peru. It is engaged in the exploration, development and operation of mines for the extraction of metals. It operates the Corihuarmi Gold Mine and owns the Ollachea Project through its subsidiaries. The Ollachea Project has a completed feasibility study and environmental and construction permits.
Executives
Diego Benavides Director, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Gerardo Perez Delgado Director

Minera IRL (XCNQ:MIRL) Headlines

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