X1 Entertainment Group (XCNQ:XONE) Pretax Margin % : % (As of Feb. 2024)

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What is X1 Entertainment Group Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. X1 Entertainment Group's Pre-Tax Income for the three months ended in Feb. 2024 was C$-0.18 Mil. X1 Entertainment Group's Revenue for the three months ended in Feb. 2024 was C$0.00 Mil. Therefore, X1 Entertainment Group's pretax margin for the quarter that ended in Feb. 2024 was %.

The historical rank and industry rank for X1 Entertainment Group's Pretax Margin % or its related term are showing as below:

XCNQ:XONE' s Pretax Margin % Range Over the Past 10 Years
Min: -174.68 Med: 0 Max: 0
Current: -174.68

XCNQ:XONE's Pretax Margin % is ranked worse than
94.41% of 1038 companies
in the Media - Diversified industry
Industry Median: 2.24 vs XCNQ:XONE: -174.68

X1 Entertainment Group Pretax Margin % Historical Data

The historical data trend for X1 Entertainment 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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X1 Entertainment Group Pretax Margin % Chart

X1 Entertainment Group Annual Data

Trend

Aug22

Aug23

Pretax Margin %

X1 Entertainment Group Quarterly Data
	May21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Pretax Margin %	Get a 7-Day Free Trial						-	-20,800.00	-410.65	-	-

Competitive Comparison of X1 Entertainment Group's Pretax Margin %

For the Entertainment subindustry, X1 Entertainment 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.

X1 Entertainment Group's Pretax Margin % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, X1 Entertainment Group's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where X1 Entertainment Group's Pretax Margin % falls into.

X1 Entertainment 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.

X1 Entertainment Group's Pretax Margin for the fiscal year that ended in Aug. 2023 is calculated as

Pretax Margin	=	Pre-Tax Income (A: Aug. 2023 )	/	Revenue (A: Aug. 2023 )
	=	-2.347	/	0
	=	%

X1 Entertainment Group's Pretax Margin for the quarter that ended in Feb. 2024 is calculated as

Pretax Margin	=	Pre-Tax Income (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	-0.178	/	0
	=	%

X1 Entertainment Group (XCNQ:XONE) 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.

X1 Entertainment Group Pretax Margin % Related Terms

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X1 Entertainment Group (XCNQ:XONE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » X1 Entertainment Group Inc (XCNQ:XONE) » Definitions » Pretax Margin %

Comparable Companies

Traded in Other Exchanges

QN9:Germany

Address

615-800 West Pender Street, Vancouver, BC, CAN, V6C 2V6

Website

https://www.x1ent.com

X1 Entertainment Group Inc is an esports portfolio company that owns and operates an esports franchise, RixGG. The business of the company is the competitive playing of video games by teams for cash prizes, and operations ancillary to such competition, such as merchandising and the hosting of tournaments. It engages in the acquisition and development of esports teams and digital content creation which is considered one business segment.