OneConnect Financial Technology Co (OneConnect Financial Technology Co) Pretax Margin % : -8.33% (As of Mar. 2024)

View and export this data going back to 2019. Start your Free Trial

What is OneConnect Financial Technology Co Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. OneConnect Financial Technology Co's Pre-Tax Income for the three months ended in Mar. 2024 was $-8.4 Mil. OneConnect Financial Technology Co's Revenue for the three months ended in Mar. 2024 was $100.4 Mil. Therefore, OneConnect Financial Technology Co's pretax margin for the quarter that ended in Mar. 2024 was -8.33%.

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

OCFT' s Pretax Margin % Range Over the Past 10 Years
Min: -167.83 Med: -46.83 Max: -9.82
Current: -9.82

OCFT's Pretax Margin % is ranked worse than
67.87% of 2770 companies
in the Software industry
Industry Median: 2.375 vs OCFT: -9.82

OneConnect Financial Technology Co Pretax Margin % Historical Data

The historical data trend for OneConnect Financial Technology Co'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.

OneConnect Financial Technology Co Pretax Margin % Chart

OneConnect Financial Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Pretax Margin %

Get a 7-Day Free Trial

-75.71

-46.83

-34.91

-22.18

-9.86

OneConnect Financial Technology Co 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															-8.78	-11.40	-11.01	-8.19	-8.33

Competitive Comparison of OneConnect Financial Technology Co's Pretax Margin %

For the Software - Application subindustry, OneConnect Financial Technology Co'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.

OneConnect Financial Technology Co's Pretax Margin % Distribution in the Software Industry

For the Software industry and Technology sector, OneConnect Financial Technology Co's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where OneConnect Financial Technology Co's Pretax Margin % falls into.

OneConnect Financial Technology Co 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.

OneConnect Financial Technology Co'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 )
	=	-50.659	/	513.642
	=	-9.86 %

OneConnect Financial Technology Co'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 )
	=	-8.371	/	100.433
	=	-8.33 %

OneConnect Financial Technology Co (NYSE:OCFT) 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.

OneConnect Financial Technology Co Pretax Margin % Related Terms

Thank you for viewing the detailed overview of OneConnect Financial Technology Co's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

OneConnect Financial Technology Co (OneConnect Financial Technology Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » OneConnect Financial Technology Co Ltd (NYSE:OCFT) » Definitions » Pretax Margin %

Comparable Companies

Traded in Other Exchanges

06638:Hong Kong

Address

No.1 Tairan 7th Road, 10-14th Floor, Block A, Platinum Towers, Futian District, Shenzhen, CHN

Website

https://www.ocft.com

OneConnect Financial Technology Co Ltd is a provider of technology platforms. Its platform provides cloud-native technology solutions that integrate financial services with market technology. The company offers technology applications and technology-enabled business services to financial institutions in China. Its technology solutions cover multiple verticals in the financial services industry, including banking, insurance and asset management, across the full scope of their businesses from sales and marketing and risk management to customer services and operations, as well as technology infrastructures such as data management and cloud services. The firm operates in two segments namely Technology Solutions which is the key revenue driver and Virtual Bank Business.