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KONE Oyj (KONE Oyj) Pretax Margin % : 10.35% (As of Mar. 2024)


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What is KONE Oyj Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. KONE Oyj's Pre-Tax Income for the three months ended in Mar. 2024 was $289 Mil. KONE Oyj's Revenue for the three months ended in Mar. 2024 was $2,792 Mil. Therefore, KONE Oyj's pretax margin for the quarter that ended in Mar. 2024 was 10.35%.

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

KNYJY' s Pretax Margin % Range Over the Past 10 Years
Min: 9.43   Med: 12.44   Max: 15.78
Current: 11.23


KNYJY's Pretax Margin % is ranked better than
69.64% of 2974 companies
in the Industrial Products industry
Industry Median: 6.52 vs KNYJY: 11.23

KONE Oyj Pretax Margin % Historical Data

The historical data trend for KONE Oyj'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.

KONE Oyj Pretax Margin % Chart

KONE Oyj 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 12.20 12.32 12.56 9.43 11.01

KONE Oyj 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 9.43 10.04 11.63 12.83 10.35

Competitive Comparison of KONE Oyj's Pretax Margin %

For the Specialty Industrial Machinery subindustry, KONE Oyj'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.


KONE Oyj's Pretax Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, KONE Oyj's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where KONE Oyj's Pretax Margin % falls into.



KONE Oyj 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.

KONE Oyj'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 )
=1315.267/11943.621
=11.01 %

KONE Oyj'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 )
=288.804/2791.522
=10.35 %

* 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.


KONE Oyj  (OTCPK:KNYJY) 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.


KONE Oyj Pretax Margin % Related Terms

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KONE Oyj (KONE Oyj) Business Description

Address
Keilasatama 3, P.O. Box 7, Espoo, FIN, FI-02150
Kone is a global top-four supplier of elevators and escalators. Kone began producing elevators in Finland in 1918 and today generates revenue in three ways: selling new elevators and escalators, modernizing old equipment, and servicing its installed base. Most of the company's profit comes from the last activity, where contracts are rolled over annually with built-in price increases. The bulk of Kone's business is in elevators, which are more numerous globally than escalators. Its business model is similar to its closest competitors Otis, Schindler, and TK Elevator.

KONE Oyj (KONE Oyj) Headlines

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