The historical rank and industry rank for Sagimet Biosciences's Pretax Margin % or its related term are showing as below:
SGMT'
s Pretax Margin % Range Over the Past 10 Years
Min: -1395.9 Med: -1393.8 Max: -1393.8
Current: -1395.9
SGMT's Pretax Margin % is ranked worse than 77.34% of 1024
companies
in the Biotechnology industry
Industry Median: -152.6
vs SGMT: -1395.90
Sagimet Biosciences Pretax Margin % Historical Data
The historical data trend for Sagimet Biosciences'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.
Competitive Comparison of Sagimet Biosciences's Pretax Margin %
For the Biotechnology subindustry, Sagimet Biosciences'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.
Sagimet Biosciences's Pretax Margin % Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Sagimet Biosciences's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Sagimet Biosciences's Pretax Margin % falls into.
Sagimet Biosciences 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.
Sagimet Biosciences's Pretax Margin for the fiscal year that ended in Dec. 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.
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.
Sagimet Biosciences Pretax Margin % Related Terms
Thank you for viewing the detailed overview of Sagimet Biosciences's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Sagimet Biosciences (Sagimet Biosciences) Business Description
Sagimet Biosciences Inc is a clinical-stage biopharmaceutical company focused on developing a portfolio of in-house discovered, selective fatty acid synthase (FASN) inhibitors for the treatment of diseases that result from dysfunctional lipid metabolism pathways. Its lead drug candidate, denifanstat, is an oral, once-daily pill and selective FASN inhibitor in development for the treatment of nonalcoholic steatohepatitis (NASH).
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