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Meikles (LSE:MIK) Pretax Margin % : 3.54% (As of Aug. 2023)


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What is Meikles Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Meikles's Pre-Tax Income for the six months ended in Aug. 2023 was $96 Mil. Meikles's Revenue for the six months ended in Aug. 2023 was $2,701 Mil. Therefore, Meikles's pretax margin for the quarter that ended in Aug. 2023 was 3.54%.

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

LSE:MIK' s Pretax Margin % Range Over the Past 10 Years
Min: -5.34   Med: 2.55   Max: 16.56
Current: 3.91


LSE:MIK's Pretax Margin % is ranked better than
55.59% of 1110 companies
in the Retail - Cyclical industry
Industry Median: 3.01 vs LSE:MIK: 3.91

Meikles Pretax Margin % Historical Data

The historical data trend for Meikles'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.

* Premium members only.

Meikles Pretax Margin % Chart

Meikles Annual Data
Trend Dec08 Dec09 Mar11 Mar12 Mar19 Mar20 Mar21
Pretax Margin %
Get a 7-Day Free Trial 0.87 -2.39 4.23 16.56 4.82

Meikles Semi-Annual Data
Dec09 Mar11 Mar12 Sep12 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Aug23
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.20 9.82 5.97 6.35 3.54

Competitive Comparison of Meikles's Pretax Margin %

For the Department Stores subindustry, Meikles'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.


Meikles's Pretax Margin % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Meikles's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Meikles's Pretax Margin % falls into.



Meikles 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.

Meikles's Pretax Margin for the fiscal year that ended in Mar. 2021 is calculated as

Pretax Margin=Pre-Tax Income (A: Mar. 2021 )/Revenue (A: Mar. 2021 )
=7.349/152.504
=4.82 %

Meikles's Pretax Margin for the quarter that ended in Aug. 2023 is calculated as

Pretax Margin=Pre-Tax Income (Q: Aug. 2023 )/Revenue (Q: Aug. 2023 )
=95.742/2701.372
=3.54 %

* 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.


Meikles  (LSE:MIK) 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.


Meikles Pretax Margin % Related Terms

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Meikles (LSE:MIK) Business Description

Traded in Other Exchanges
Address
4 Steppes Road, Highlands, Harare, ZWE
Meikles Ltd is a Zimbabwe-based investment holding company. Its business segments include Supermarkets, Hotels, properties, and security guard operations. It is organized into two geographical segments, Zimbabwe, and non-Zimbabwe. The majority of its revenue is generated from the Supermarkets segment within Zimbabwe.