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Anhui Coreach Technology Co (SZSE:002983) Pretax Margin % : 15.87% (As of Mar. 2024)


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What is Anhui Coreach Technology Co Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Anhui Coreach Technology Co's Pre-Tax Income for the three months ended in Mar. 2024 was ¥40 Mil. Anhui Coreach Technology Co's Revenue for the three months ended in Mar. 2024 was ¥250 Mil. Therefore, Anhui Coreach Technology Co's pretax margin for the quarter that ended in Mar. 2024 was 15.87%.

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

SZSE:002983' s Pretax Margin % Range Over the Past 10 Years
Min: 11.39   Med: 15.53   Max: 20.69
Current: 16.6


SZSE:002983's Pretax Margin % is ranked better than
87.17% of 2463 companies
in the Hardware industry
Industry Median: 3.46 vs SZSE:002983: 16.60

Anhui Coreach Technology Co Pretax Margin % Historical Data

The historical data trend for Anhui Coreach 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.

Anhui Coreach Technology Co Pretax Margin % Chart

Anhui Coreach Technology Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only 20.69 18.02 11.39 12.33 16.11

Anhui Coreach 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.06 16.96 14.61 21.74 15.87

Competitive Comparison of Anhui Coreach Technology Co's Pretax Margin %

For the Electronic Components subindustry, Anhui Coreach 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.


Anhui Coreach Technology Co's Pretax Margin % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Anhui Coreach Technology Co's Pretax Margin % distribution charts can be found below:

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



Anhui Coreach 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.

Anhui Coreach 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 )
=189.468/1176.1
=16.11 %

Anhui Coreach 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 )
=39.7/250.087
=15.87 %

* 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.


Anhui Coreach Technology Co  (SZSE:002983) 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.


Anhui Coreach Technology Co Pretax Margin % Related Terms

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Anhui Coreach Technology Co (SZSE:002983) Business Description

Traded in Other Exchanges
N/A
Address
6988 Fangxing Avenue, Xinruida Technology Park, Hefei Economic and Technological Development Zone, Anhui Province, Hefei, CHN, 230000
Anhui Coreach Technology Co Ltd is engaged in research and development, production and sales of new display photoelectric systems and healthy intelligent light source systems. The company develops and promotes a series of technical schemes such as high light efficiency backlight module design, ultra-light and thin backlight module technology, high color gamut display technology, blue light reduction and eye protection display technology. Its products portfolio includes Side - in backlight, Straight Down Backlight, Miniled Backlight, Household Lighting, Commercial Lighting, Education Lighting, Backlight LED, Lighting LED, and Special LED.
Executives
Li Quan Yong Directors, executives
Lv Guo Qiang Independent director
Wang Peng Sheng Executives

Anhui Coreach Technology Co (SZSE:002983) Headlines

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