Nova Lifestyle (Nova Lifestyle) Pretax Margin % : -61.57% (As of Mar. 2024)

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What is Nova Lifestyle Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Nova Lifestyle's Pre-Tax Income for the three months ended in Mar. 2024 was $-1.46 Mil. Nova Lifestyle's Revenue for the three months ended in Mar. 2024 was $2.38 Mil. Therefore, Nova Lifestyle's pretax margin for the quarter that ended in Mar. 2024 was -61.57%.

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

NVFY' s Pretax Margin % Range Over the Past 10 Years
Min: -232.61 Med: -14 Max: 9.66
Current: -62.41

NVFY's Pretax Margin % is ranked worse than
97.39% of 421 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 5.33 vs NVFY: -62.41

Nova Lifestyle Pretax Margin % Historical Data

The historical data trend for Nova Lifestyle'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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Nova Lifestyle Pretax Margin % Chart

Nova Lifestyle Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Pretax Margin %

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-26.78

-232.61

-32.34

-133.97

-63.06

Nova Lifestyle Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Pretax Margin %	Get a 7-Day Free Trial															-65.17	-12.01	-46.08	-179.95	-61.57

Competitive Comparison of Nova Lifestyle's Pretax Margin %

For the Furnishings, Fixtures & Appliances subindustry, Nova Lifestyle'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.

Nova Lifestyle's Pretax Margin % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Nova Lifestyle's Pretax Margin % distribution charts can be found below:

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

Nova Lifestyle 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.

Nova Lifestyle'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 )
	=	-6.992	/	11.087
	=	-63.06 %

Nova Lifestyle'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 )
	=	-1.463	/	2.376
	=	-61.57 %

Nova Lifestyle (NAS:NVFY) 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.

Nova Lifestyle Pretax Margin % Related Terms

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Nova Lifestyle (Nova Lifestyle) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Nova Lifestyle Inc (NAS:NVFY) » Definitions » Pretax Margin %

Comparable Companies

Traded in Other Exchanges

15N:Germany

Address

6565 East Washington Boulevard, Commerce, CA, USA, 90040

Website

https://www.novalifestyle.com

Nova Lifestyle Inc is a designer and lifestyle furniture company. It distributes and retails contemporary styled residential and commercial furniture. The firms marketing and sales platform offers retail as well as online selection and purchase fulfillment internationally. The company also sells managed a variety of bedding foundation components. Its collection of lifestyle furniture brands includes Diamond Sofa. The firm's products are made in the United States and Asia. Its customers mainly comprise distributors and retailers having specific geographic coverages that deploy middle to high-end private label home furnishings. The Company operates in one business and industry segment: the design and sale of furniture.

Executives

Umesh Patel	director	6565 E. WASHINGTON BLVD, C/O NOVA LIFESTYLE, INC., COMMERCE CA 90040
Min Su	director, officer: Corporate Secretary	C/O NOVA LIFESTYLE, INC., 6565 E WASHINGTON BLVD, COMMERCE CA 90040
Jeffrey Chuang	officer: Chief Financial Officer	C/O NOVA LIFESTYLE, INC., 6565 E. WASHINGTON BLVD, COMMERCE CA 90040
Steven Qiang Liu	10 percent owner	6541 E. WASHINGTON BLVD, C/O NOVA LIFESTYLE, INC., COMMERCE CA 90040
Yuen Ching Ho	10 percent owner, officer: Chief Financial Officer	6541 E. WASHINGTON BLVD, C/O NOVA LIFESTYLE, INC., COMMERCE CA 90040
Huy P La	director	6565 E WASHINGTON BLVD, COMMERCE CA 90040
Joyal St.	10 percent owner	6565 E WASHINGTON BLVD #518, COMMERCE CA 90040
Ya Ming Wong	director, 10 percent owner, officer: CEO and Chairman	6541 E. WASHINGTON BLVD, C/O NOVA LIFESTYLE, INC., COMMERCE CA 90040
Thanh H Lam	director, officer: President	6541 E. WASHINGTON BLVD, C/O NOVA LIFESTYLE, INC., COMMERCE CA 90040
Peter M Kam	director	6541 E WASHINGTON BLVD, COMMERCE CA 90040
Bin Liu	director	40 WALL STREET, 58TH FLOOR, NEW YORK NY 10005
James R Talevich	director	20202 WINDROW DR, LAKE FOREST CA 92630
Michael J Viotto	director	444 E. HUNTINGTON DR., SUITE 105, ARCADIA CA 91006
Chung Shing Yam	director	6541 E WASHINGTON BLVD, COMMERCE CA 90040
Alex Li	director, 10 percent owner, officer: President & CEO	NO. 6 JIEFANGNAN LU, HEXI DISTRICT, TIANJIN F4 30000