OneConnect Financial Technology Co (OneConnect Financial Technology Co) Pre-Tax Income : $-47.7 Mil (TTM As of Mar. 2024)

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What is OneConnect Financial Technology Co Pre-Tax Income?

Pretax income is the income that a company earns before paying income taxes. OneConnect Financial Technology Co's pretax income for the three months ended in Mar. 2024 was $-8.4 Mil. Its pretax income for the trailing twelve months (TTM) ended in Mar. 2024 was $-47.7 Mil. OneConnect Financial Technology Co's pretax margin was -8.33%.

During the past 7 years, OneConnect Financial Technology Co's highest Pretax Margin was -9.82%. The lowest was -167.83%. And the median was -46.83%.

OneConnect Financial Technology Co Pre-Tax Income Historical Data

The historical data trend for OneConnect Financial Technology Co'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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OneConnect Financial Technology Co Pre-Tax Income Chart

OneConnect Financial Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Pre-Tax Income

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-251.29

-237.22

-226.49

-142.03

-50.66

OneConnect Financial Technology Co 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															-11.39	-16.01	-12.73	-10.60	-8.37

Competitive Comparison of OneConnect Financial Technology Co's Pre-Tax Income

For the Software - Application subindustry, OneConnect Financial Technology Co'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.

OneConnect Financial Technology Co's Pre-Tax Income Distribution in the Software Industry

For the Software industry and Technology sector, OneConnect Financial Technology Co's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where OneConnect Financial Technology Co's Pre-Tax Income falls into.

OneConnect Financial Technology Co Pre-Tax Income Calculation

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

OneConnect Financial Technology Co'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
	=	-48.271	+	-3.655	+	-2.736	+	4.143	+	-0.14
	=	-50.7

OneConnect Financial Technology Co'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
	=	-7.312	+	-1.901	+	-0.594	+	1.436	+	0
	=	-8.4

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 $-47.7 Mil.

OneConnect Financial Technology Co (NYSE:OCFT) Pre-Tax Income Explanation

OneConnect Financial Technology Co's Pretax Margin for the quarter that ended in Mar. 2024 is calculated as

Pretax Margin	=	Pretax Income	/	Revenue
	=	-8.371	/	100.433
	=	-8.33%

During the past 7 years, OneConnect Financial Technology Co's highest Pretax Margin was -9.82%. The lowest was -167.83%. And the median was -46.83%.

OneConnect Financial Technology Co Pre-Tax Income Related Terms

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OneConnect Financial Technology Co (OneConnect Financial Technology Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » OneConnect Financial Technology Co Ltd (NYSE:OCFT) » Definitions » Pre-Tax Income

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06638:Hong Kong

Address

No.1 Tairan 7th Road, 10-14th Floor, Block A, Platinum Towers, Futian District, Shenzhen, CHN

Website

https://www.ocft.com

OneConnect Financial Technology Co Ltd is a provider of technology platforms. Its platform provides cloud-native technology solutions that integrate financial services with market technology. The company offers technology applications and technology-enabled business services to financial institutions in China. Its technology solutions cover multiple verticals in the financial services industry, including banking, insurance and asset management, across the full scope of their businesses from sales and marketing and risk management to customer services and operations, as well as technology infrastructures such as data management and cloud services. The firm operates in two segments namely Technology Solutions which is the key revenue driver and Virtual Bank Business.