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Access Bank Ghana (XGHA:ACCESS) Pretax Margin % : 71.63% (As of Mar. 2024)


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What is Access Bank Ghana Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Access Bank Ghana's Pre-Tax Income for the three months ended in Mar. 2024 was GHS282 Mil. Access Bank Ghana's Revenue for the three months ended in Mar. 2024 was GHS394 Mil. Therefore, Access Bank Ghana's pretax margin for the quarter that ended in Mar. 2024 was 71.63%.

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

XGHA:ACCESS' s Pretax Margin % Range Over the Past 10 Years
Min: -38.29   Med: 46.33   Max: 64.33
Current: 64.1


XGHA:ACCESS's Pretax Margin % is ranked better than
94.65% of 1459 companies
in the Banks industry
Industry Median: 32.85 vs XGHA:ACCESS: 64.10

Access Bank Ghana Pretax Margin % Historical Data

The historical data trend for Access Bank Ghana'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.

Access Bank Ghana Pretax Margin % Chart

Access Bank Ghana Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only 58.56 60.61 60.74 -38.29 64.33

Access Bank Ghana 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 73.52 70.30 63.04 55.98 71.63

Competitive Comparison of Access Bank Ghana's Pretax Margin %

For the Banks - Regional subindustry, Access Bank Ghana'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.


Access Bank Ghana's Pretax Margin % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Access Bank Ghana's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Access Bank Ghana's Pretax Margin % falls into.



Access Bank Ghana 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.

Access Bank Ghana'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 )
=1037.812/1613.156
=64.33 %

Access Bank Ghana'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 )
=282.487/394.368
=71.63 %

* 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.


Access Bank Ghana  (XGHA:ACCESS) 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.


Access Bank Ghana Pretax Margin % Related Terms

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Access Bank Ghana (XGHA:ACCESS) Business Description

Traded in Other Exchanges
N/A
Address
Starlets’ 91 Road, P. O. Box GP 353, Opposite Accra Sports Stadium, Osu, Accra, GHA
Access Bank Ghana PLC is a Ghana-based commercial bank. The bank provides universal banking services including Retail Banking, Commercial Banking, Business Banking, Personal Banking, and Exclusive Banking. It also provides support for financing landmark projects in the private and public sectors. It provides services to Corporate, Commercial, Retail customers, and Financial Institutions across Ghana. The company's segments include Institutional Banking, Commercial Banking, Personal, and Business Banking, and Treasury.

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