Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Mesabi Trust's Pre-Tax Income for the
three
months ended in Jan. 2024 was $4.69 Mil. Mesabi Trust's Revenue for the
three
months ended in Jan. 2024 was $5.99 Mil. Therefore, Mesabi Trust's pretax margin for the quarter that ended in Jan. 2024 was 78.35%.
The historical rank and industry rank for Mesabi Trust's Pretax Margin % or its related term are showing as below:
MSB'
s Pretax Margin % Range Over the Past 10 Years
Min: 70.82 Med: 92.56 Max: 97.15
Current: 85.92
MSB's Pretax Margin % is ranked better than 98.51% of 604
companies
in the Steel industry
Industry Median: 3.885
vs MSB: 85.92
Mesabi Trust Pretax Margin % Historical Data
The historical data trend for Mesabi Trust'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.
Competitive Comparison of Mesabi Trust's Pretax Margin %
For the Steel subindustry, Mesabi Trust'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.
Mesabi Trust's Pretax Margin % Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Mesabi Trust's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Mesabi Trust's Pretax Margin % falls into.
Mesabi Trust 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.
Mesabi Trust's Pretax Margin for the fiscal year that ended in Jan. 2024 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.
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.
Mesabi Trust Pretax Margin % Related Terms
Thank you for viewing the detailed overview of Mesabi Trust's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Mesabi Trust operates as a royalty trust in the United States. The company involves in the conservation and protection of the assets held. Its principally wholly-owned segment is iron ore mining segment and it generates income from the Peter Mitchell Mine, an iron mine located near Babbitt, Minnesota, at the eastern end of the Mesabi Iron Range. The principal assets of the firm consist of two different interests in certain properties in the Mesabi Iron Range and beneficial interest in the Mesabi Land Trust.
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