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POSaBIT Systems (XCNQ:PBIT) Pretax Margin % : -27.14% (As of Dec. 2023)


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What is POSaBIT Systems Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. POSaBIT Systems's Pre-Tax Income for the three months ended in Dec. 2023 was C$-1.83 Mil. POSaBIT Systems's Revenue for the three months ended in Dec. 2023 was C$6.74 Mil. Therefore, POSaBIT Systems's pretax margin for the quarter that ended in Dec. 2023 was -27.14%.

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

XCNQ:PBIT' s Pretax Margin % Range Over the Past 10 Years
Min: -154.04   Med: -31.04   Max: 12.19
Current: -31.14


XCNQ:PBIT's Pretax Margin % is ranked worse than
78.26% of 2765 companies
in the Software industry
Industry Median: 2.36 vs XCNQ:PBIT: -31.14

POSaBIT Systems Pretax Margin % Historical Data

The historical data trend for POSaBIT Systems'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.

POSaBIT Systems Pretax Margin % Chart

POSaBIT Systems Annual Data
Trend Oct17 Oct18 Dec19 Dec20 Dec21 Dec22 Dec23
Pretax Margin %
Get a 7-Day Free Trial -154.04 -14.67 -49.60 12.19 -31.04

POSaBIT Systems Quarterly Data
Jan19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 32.02 -26.43 -12.13 -55.13 -27.14

Competitive Comparison of POSaBIT Systems's Pretax Margin %

For the Information Technology Services subindustry, POSaBIT Systems'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.


POSaBIT Systems's Pretax Margin % Distribution in the Software Industry

For the Software industry and Technology sector, POSaBIT Systems's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where POSaBIT Systems's Pretax Margin % falls into.



POSaBIT Systems 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.

POSaBIT Systems'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 )
=-18.145/58.46
=-31.04 %

POSaBIT Systems's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as

Pretax Margin=Pre-Tax Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=-1.829/6.739
=-27.14 %

* 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.


POSaBIT Systems  (XCNQ:PBIT) 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.


POSaBIT Systems Pretax Margin % Related Terms

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POSaBIT Systems (XCNQ:PBIT) Business Description

Traded in Other Exchanges
Address
11915 124th Ave NE, Kirkland, WA, USA, 98034
POSaBIT Systems Corp is a financial technology company. The company involves the point-of-sale arrangements designed to offer consumers an easy way to purchase goods and services. The company offers Payment Services and Point-of-Sale (POS) Services. The majority of its revenue comes from Payment Services, which generates revenues via setup costs, hardware costs, transaction fees, and convenience fees. Its geographical segments are Canada and the United States, of which all of its revenues come from the United States.
Executives
Alex Sharp 10% Security Holder

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