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Ardmore Shipping (Ardmore Shipping) Pretax Margin % : 37.20% (As of Mar. 2024)


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What is Ardmore Shipping Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Ardmore Shipping's Pre-Tax Income for the three months ended in Mar. 2024 was $39.5 Mil. Ardmore Shipping's Revenue for the three months ended in Mar. 2024 was $106.3 Mil. Therefore, Ardmore Shipping's pretax margin for the quarter that ended in Mar. 2024 was 37.20%.

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

ASC' s Pretax Margin % Range Over the Past 10 Years
Min: -20.35   Med: -0.17   Max: 31.15
Current: 29.54


ASC's Pretax Margin % is ranked better than
88.58% of 972 companies
in the Transportation industry
Industry Median: 7.14 vs ASC: 29.54

Ardmore Shipping Pretax Margin % Historical Data

The historical data trend for Ardmore Shipping'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.

Ardmore Shipping Pretax Margin % Chart

Ardmore Shipping Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -9.91 -2.66 -18.89 31.15 29.87

Ardmore Shipping 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 37.55 27.28 24.62 27.71 37.20

Competitive Comparison of Ardmore Shipping's Pretax Margin %

For the Marine Shipping subindustry, Ardmore Shipping'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.


Ardmore Shipping's Pretax Margin % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Ardmore Shipping's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Ardmore Shipping's Pretax Margin % falls into.



Ardmore Shipping 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.

Ardmore Shipping'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 )
=118.278/395.978
=29.87 %

Ardmore Shipping'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 )
=39.545/106.301
=37.20 %

* 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.


Ardmore Shipping  (NYSE:ASC) 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.


Ardmore Shipping Pretax Margin % Related Terms

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Ardmore Shipping (Ardmore Shipping) Business Description

Traded in Other Exchanges
Address
69 Pitts Bay Road, Belvedere Building, Ground Floor, Pembroke, Hamilton, BMU, HM08
Ardmore Shipping Corp owns and operates a fleet of mid-size product and chemical tankers, which provide seaborne transportation of petroleum products and chemicals across the globe. The company is focused on fuel efficiency and cost leadership, and it provides its shipping services to customers through voyage charters, commercial pools, and time charters. Its main customers are oil majors, national oil companies, oil and chemical traders, and chemical companies.