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Credit Acceptance (FRA:2D5) Pre-Tax Income : €302 Mil (TTM As of Mar. 2024)


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What is Credit Acceptance Pre-Tax Income?

Pretax income is the income that a company earns before paying income taxes. Credit Acceptance's pretax income for the three months ended in Mar. 2024 was €79 Mil. Its pretax income for the trailing twelve months (TTM) ended in Mar. 2024 was €302 Mil. Credit Acceptance's pretax margin was 17.22%.

During the past 13 years, Credit Acceptance's highest Pretax Margin was 68.12%. The lowest was 16.93%. And the median was 56.33%.


Credit Acceptance Pre-Tax Income Historical Data

The historical data trend for Credit Acceptance's Pre-Tax Income 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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Credit Acceptance Pre-Tax Income Chart

Credit Acceptance Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pre-Tax Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 770.31 451.69 1,115.90 671.85 337.09

Credit Acceptance Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Pre-Tax Income 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 118.43 25.75 90.42 106.74 79.49

Competitive Comparison of Credit Acceptance's Pre-Tax Income

For the Credit Services subindustry, Credit Acceptance's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income 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.


Credit Acceptance's Pre-Tax Income Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Credit Acceptance's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Credit Acceptance's Pre-Tax Income falls into.



Credit Acceptance Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Credit Acceptance's Pretax Income for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=318.474+0.55+0+18.065+0
=337

Credit Acceptance's Pretax Income for the quarter that ended in Mar. 2024 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=73.692+0.46+0+5.336+1.4210854715202E-14
=79

Pre-Tax Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €302 Mil.

* 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.


Credit Acceptance  (FRA:2D5) Pre-Tax Income Explanation

Credit Acceptance's Pretax Margin for the quarter that ended in Mar. 2024 is calculated as

Pretax Margin=Pretax Income/Revenue
=79.488/461.564
=17.22%

During the past 13 years, Credit Acceptance's highest Pretax Margin was 68.12%. The lowest was 16.93%. And the median was 56.33%.

* 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.


Credit Acceptance Pre-Tax Income Related Terms

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Credit Acceptance (FRA:2D5) Business Description

Traded in Other Exchanges
Address
25505 W. Twelve Mile Road, Southfield, MI, USA, 48034-8339
Credit Acceptance Corp is a consumer finance company that specializes in automobile loans. These loans are offered through a U.S. nationwide network of automobile dealers that benefit from sales of vehicles to consumers who could otherwise not obtain financing. The company also benefits from repeat and referral sales, and from sales to customers responding to advertisements for financing, but qualify for traditional financing. The company derives its revenue from finance charges, premiums earned on the reinsurance of vehicle service contracts, and other fees. Of these, financing charges, including servicing fees, are by far the largest source of revenue.

Credit Acceptance (FRA:2D5) Headlines

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