Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. LKQ's Pre-Tax Income for the
three
months ended in Mar. 2024 was $231 Mil. LKQ's Revenue for the
three
months ended in Mar. 2024 was $3,703 Mil. Therefore, LKQ's pretax margin for the quarter that ended in Mar. 2024 was 6.24%.
The historical rank and industry rank for LKQ's Pretax Margin % or its related term are showing as below:
LKQ'
s Pretax Margin % Range Over the Past 10 Years
Min: 6.26 Med: 8.31 Max: 11.86
Current: 7.77
LKQ's Pretax Margin % is ranked better than 69.08% of 1284
companies
in the Vehicles & Parts industry
Industry Median: 4.475
vs LKQ: 7.77
LKQ Pretax Margin % Historical Data
The historical data trend for LKQ'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.
For the Auto Parts subindustry, LKQ'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.
LKQ's Pretax Margin % Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, LKQ's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where LKQ's Pretax Margin % falls into.
LKQ 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.
LKQ's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
LKQ (NAS:LKQ) 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.
LKQ Pretax Margin % Related Terms
Thank you for viewing the detailed overview of LKQ's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
LKQ is a Global distributor of non-OEM automotive parts. Initially formed in 1998 as a consolidator of auto salvage operations in the United States, it has since greatly expanded its scope to include distribution of new mechanical and collision parts, specialty auto equipment, and remanufactured and recycled parts in both Europe and North America. It still maintains its auto salvage business and owns over 70 LKQ pick-your-part junkyards. Separate from the self-service business, LKQ purchases over 300,000 salvage automobiles annually that are used to extract parts for resale. Globally, the company maintains approximately 1,700 facilities.
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