Caravelle International Group (Caravelle International Group) Pretax Margin % : 2.99% (As of Apr. 2023)

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What is Caravelle International Group Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Caravelle International Group's Pre-Tax Income for the six months ended in Apr. 2023 was $1.4 Mil. Caravelle International Group's Revenue for the six months ended in Apr. 2023 was $45.1 Mil. Therefore, Caravelle International Group's pretax margin for the quarter that ended in Apr. 2023 was 2.99%.

The historical rank and industry rank for Caravelle International Group's Pretax Margin % or its related term are showing as below:

CACO' s Pretax Margin % Range Over the Past 10 Years
Min: -7.35 Med: 8.41 Max: 12.74
Current: 3.59

CACO's Pretax Margin % is ranked worse than
66.98% of 972 companies
in the Transportation industry
Industry Median: 7.115 vs CACO: 3.59

Caravelle International Group Pretax Margin % Historical Data

The historical data trend for Caravelle International Group'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.

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Caravelle International Group Pretax Margin % Chart

Caravelle International Group Annual Data

Trend

Oct20

Oct21

Oct22

Pretax Margin %

-7.35

8.41

12.74

Caravelle International Group Semi-Annual Data
	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
Pretax Margin %	Get a 7-Day Free Trial			1.45	15.30	20.85	3.89	2.99

Competitive Comparison of Caravelle International Group's Pretax Margin %

For the Marine Shipping subindustry, Caravelle International Group'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.

Caravelle International Group's Pretax Margin % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Caravelle International Group's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Caravelle International Group's Pretax Margin % falls into.

Caravelle International Group 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.

Caravelle International Group's Pretax Margin for the fiscal year that ended in Oct. 2022 is calculated as

Pretax Margin	=	Pre-Tax Income (A: Oct. 2022 )	/	Revenue (A: Oct. 2022 )
	=	23.608	/	185.35
	=	12.74 %

Caravelle International Group's Pretax Margin for the quarter that ended in Apr. 2023 is calculated as

Pretax Margin	=	Pre-Tax Income (Q: Apr. 2023 )	/	Revenue (Q: Apr. 2023 )
	=	1.35	/	45.102
	=	2.99 %

Caravelle International Group (NAS:CACO) 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.

Caravelle International Group Pretax Margin % Related Terms

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Caravelle International Group (Caravelle International Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Caravelle International Group (NAS:CACO) » Definitions » Pretax Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Paya Lebar Road, No. 06-17 Paya Lebar Square, Singapore, SGP, 409051

Website

http://www.caravelleglobal.com

Caravelle International Group is an international operator of ocean transportation services. It is engaged in the seaborne transportation service under voyage contracts as well as vessel service for and on behalf of ship owners. The company has two operating segments namely, ocean transport and Heating business. The company derives the majority of its revenue from the Ocean transportation business. The company primarily derives freight revenue from voyage contracts and provides vessel service.