Tortoise Energy Independence Fund, (Tortoise Energy Independence Fund,) Pretax Margin % : 98.85% (As of Nov. 2023)

Tortoise Energy Independence Fund, Pretax Margin % Chart

Tortoise Energy Independence Fund, Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Pretax Margin %	Get a 7-Day Free Trial								97.06	99.63	93.28	101.01	98.85

Competitive Comparison of Tortoise Energy Independence Fund,'s Pretax Margin %

For the Asset Management subindustry, Tortoise Energy Independence Fund,'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.

Tortoise Energy Independence Fund,'s Pretax Margin % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tortoise Energy Independence Fund,'s Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Tortoise Energy Independence Fund,'s Pretax Margin % falls into.

Tortoise Energy Independence Fund, 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.

Tortoise Energy Independence Fund,'s Pretax Margin for the fiscal year that ended in Nov. 2023 is calculated as

Tortoise Energy Independence Fund,'s Pretax Margin for the quarter that ended in Nov. 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.

Tortoise Energy Independence Fund,  (NYSE:NDP) 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.

Tortoise Energy Independence Fund, Pretax Margin % Related Terms

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Tortoise Energy Independence Fund, (Tortoise Energy Independence Fund,) Business Description