Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Flora Growth's Pre-Tax Income for the
three
months ended in Mar. 2024 was $-3.25 Mil. Flora Growth's Revenue for the
three
months ended in Mar. 2024 was $18.03 Mil. Therefore, Flora Growth's pretax margin for the quarter that ended in Mar. 2024 was -18.00%.
The historical rank and industry rank for Flora Growth's Pretax Margin % or its related term are showing as below:
FLGC'
s Pretax Margin % Range Over the Past 10 Years
Min: -13522.64 Med: -191.5 Max: -63.49
Current: -64.56
FLGC's Pretax Margin % is ranked worse than 82.37% of 1021
companies
in the Drug Manufacturers industry
Industry Median: 4.15
vs FLGC: -64.56
Flora Growth Pretax Margin % Historical Data
The historical data trend for Flora Growth'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 Flora Growth's Pretax Margin %
For the Drug Manufacturers - Specialty & Generic subindustry, Flora Growth'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.
Flora Growth's Pretax Margin % Distribution in the Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Flora Growth's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Flora Growth's Pretax Margin % falls into.
Flora Growth 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.
Flora Growth'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.
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.
Flora Growth Pretax Margin % Related Terms
Thank you for viewing the detailed overview of Flora Growth's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Flora Growth Corp is a multi-national cannabis company that manufactures and distributes consumer packaged goods, cultivates and distributes medicinal cannabis, and distributes pharmaceutical products. Its reportable segments are; the commercial and wholesale segment (FGH and Cosechemos subsidiaries), the house of brands segment (JustCBD, Vessel, and Kasa Wholefoods Company subsidiaries), and the pharmaceuticals segment (Grupo Farmaceutico Cronomed and Breeze Laboratory subsidiaries). Geographically, the company operates in the United States, Germany, Colombia, the United Kingdom, and Canada. it derives a majority of its revenue from the United States.
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