Mag Mile Capital (Mag Mile Capital) Pretax Margin % : -12.38% (As of Mar. 2024)

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What is Mag Mile Capital Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Mag Mile Capital's Pre-Tax Income for the three months ended in Mar. 2024 was $-0.07 Mil. Mag Mile Capital's Revenue for the three months ended in Mar. 2024 was $0.53 Mil. Therefore, Mag Mile Capital's pretax margin for the quarter that ended in Mar. 2024 was -12.38%.

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

MMCP' s Pretax Margin % Range Over the Past 10 Years
Min: -162.32 Med: -162.32 Max: -112.2
Current: -112.2

MMCP's Pretax Margin % is not ranked
in the Banks industry.
Industry Median: 32.775 vs MMCP: -112.20

Mag Mile Capital Pretax Margin % Historical Data

The historical data trend for Mag Mile Capital'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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Mag Mile Capital Pretax Margin % Chart

Mag Mile Capital Annual Data

Trend

Jul21

Jul22

Dec23

Pretax Margin %

-162.32

Mag Mile Capital Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Dec23	Mar24
Pretax Margin %	Get a 7-Day Free Trial						-	-197.53	-	-83.18	-12.38

Competitive Comparison of Mag Mile Capital's Pretax Margin %

For the Mortgage Finance subindustry, Mag Mile Capital'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.

Mag Mile Capital's Pretax Margin % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Mag Mile Capital's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Mag Mile Capital's Pretax Margin % falls into.

Mag Mile Capital 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.

Mag Mile Capital's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Margin	=	Pre-Tax Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	-3.115	/	1.919
	=	-162.32 %

Mag Mile Capital's Pretax Margin for the quarter that ended in Mar. 2024 is calculated as

Pretax Margin	=	Pre-Tax Income (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	-0.066	/	0.533
	=	-12.38 %

Mag Mile Capital (OTCPK:MMCP) 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.

Mag Mile Capital Pretax Margin % Related Terms

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Mag Mile Capital (Mag Mile Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mag Mile Capital Inc (OTCPK:MMCP) » Definitions » Pretax Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

7950 W. Sunset Boulevard, Suite 629, Los Angeles, CA, USA, 90046

Website

https://www.magmilecapital.com

Mag Mile Capital Inc is a full-service commercial real estate mortgage banking firm. Mag Mile Capital is a national platform comprised of capital markets experience in real estate bridge financing, mezzanine, and permanent debt placement and equity arrangements throughout the full capital stack and across all major real estate asset classes, including hotels, multifamily, office, retail, industrial, healthcare, self-storage and special purpose properties, offering access to structured debt and equity advisory solutions and placement for real estate investors, developers, and entrepreneurs, It leverages a wide variety of lending relationships and equity capital connections as a leading national real estate mortgage intermediary.

Mag Mile Capital (Mag Mile Capital) Headlines

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