SKF AB (SKF AB) Pre-Tax Income : $860 Mil (TTM As of Dec. 2023)

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What is SKF AB Pre-Tax Income?

Pretax income is the income that a company earns before paying income taxes. SKF AB's pretax income for the three months ended in Dec. 2023 was $119 Mil. Its pretax income for the trailing twelve months (TTM) ended in Dec. 2023 was $860 Mil. SKF AB's pretax margin was 4.98%.

During the past 13 years, SKF AB's highest Pretax Margin was 12.31%. The lowest was 7.52%. And the median was 9.34%.

SKF AB Pre-Tax Income Historical Data

The historical data trend for SKF AB's Pre-Tax Income 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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SKF AB Pre-Tax Income Chart

SKF AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Pre-Tax Income

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897.86

753.31

1,107.09

702.74

895.04

SKF AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Pre-Tax Income	Get a 7-Day Free Trial															163.13	280.82	262.79	197.84	118.55

Competitive Comparison of SKF AB's Pre-Tax Income

For the Tools & Accessories subindustry, SKF AB's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income 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.

SKF AB's Pre-Tax Income Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, SKF AB's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where SKF AB's Pre-Tax Income falls into.

SKF AB Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

SKF AB's Pretax Income for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Income	=	Operating Income	+	Non Operating Income	+	Interest Expense	+	Interest Income	+	Other
	=	1096.943	+	0	+	-126.735	+	54.789	+	-129.953
	=	895

SKF AB's Pretax Income for the quarter that ended in Dec. 2023 is calculated as

Pretax Income	=	Operating Income	+	Non Operating Income	+	Interest Expense	+	Interest Income	+	Other
	=	204.044	+	0	+	0	+	0	+	-85.498
	=	119

Pre-Tax Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $860 Mil.

SKF AB (OTCPK:SKFRY) Pre-Tax Income Explanation

SKF AB's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as

Pretax Margin	=	Pretax Income	/	Revenue
	=	118.546	/	2382.429
	=	4.98%

During the past 13 years, SKF AB's highest Pretax Margin was 12.31%. The lowest was 7.52%. And the median was 9.34%.

SKF AB Pre-Tax Income Related Terms

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SKF AB (SKF AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SKF AB (OTCPK:SKFRY) » Definitions » Pre-Tax Income

Comparable Companies

Traded in Other Exchanges

SKUFF:USA SKF B:Sweden SKF A:Sweden SKFB:Mexico SKFBs:UK 0NWX:UK SKFA:Germany

Address

Sven Wingquists Gata 2, Gothenburg, SWE, SE-415 50

Website

https://www.skf.com

SKF's history goes back to the first major patents in ball bearings, when in 1907 it was the first to patent the self-aligning ball bearing. SKF, along with the Schaeffler Group, are the top two global ball bearing suppliers followed by Timken, NSK, NTN, and JTEKT. Combined, these six companies supply about 60% of the world's ball bearings. However, most of them have sector niches as ball bearings for industrial purposes are engineered for specific applications. SKF is based out of Sweden and has a global manufacturing footprint of 106 sites and about 17,000 global distributor locations. The firm operates under two segments: industrials, which has a fairly fragmented customer base; and automotive, which is the opposite, with a concentrated customer base including the likes of Tesla.