Ali Alghanim Sons Automotive Co KSC (KUW:ALG) Pretax Margin % : 12.33% (As of Mar. 2024)

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What is Ali Alghanim Sons Automotive Co KSC Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Ali Alghanim Sons Automotive Co KSC's Pre-Tax Income for the three months ended in Mar. 2024 was KWD7.9 Mil. Ali Alghanim Sons Automotive Co KSC's Revenue for the three months ended in Mar. 2024 was KWD64.2 Mil. Therefore, Ali Alghanim Sons Automotive Co KSC's pretax margin for the quarter that ended in Mar. 2024 was 12.33%.

The historical rank and industry rank for Ali Alghanim Sons Automotive Co KSC's Pretax Margin % or its related term are showing as below:

KUW:ALG' s Pretax Margin % Range Over the Past 10 Years
Min: 9.68 Med: 11.59 Max: 13.77
Current: 13.77

KUW:ALG's Pretax Margin % is ranked better than
86.55% of 1286 companies
in the Vehicles & Parts industry
Industry Median: 4.47 vs KUW:ALG: 13.77

Ali Alghanim Sons Automotive Co KSC Pretax Margin % Historical Data

The historical data trend for Ali Alghanim Sons Automotive Co KSC'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.

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Ali Alghanim Sons Automotive Co KSC Pretax Margin % Chart

Ali Alghanim Sons Automotive Co KSC Annual Data

Trend

Dec21

Dec22

Dec23

Pretax Margin %

9.68

11.59

13.55

Ali Alghanim Sons Automotive Co KSC Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Pretax Margin %	Get a 7-Day Free Trial							11.08	14.49	14.27	13.94	12.33

Competitive Comparison of Ali Alghanim Sons Automotive Co KSC's Pretax Margin %

For the Auto & Truck Dealerships subindustry, Ali Alghanim Sons Automotive Co KSC'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.

Ali Alghanim Sons Automotive Co KSC's Pretax Margin % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Ali Alghanim Sons Automotive Co KSC's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Ali Alghanim Sons Automotive Co KSC's Pretax Margin % falls into.

Ali Alghanim Sons Automotive Co KSC 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.

Ali Alghanim Sons Automotive Co KSC'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 )
	=	35.599	/	262.785
	=	13.55 %

Ali Alghanim Sons Automotive Co KSC'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 )
	=	7.917	/	64.227
	=	12.33 %

Ali Alghanim Sons Automotive Co KSC (KUW:ALG) 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.

Ali Alghanim Sons Automotive Co KSC Pretax Margin % Related Terms

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Ali Alghanim Sons Automotive Co KSC (KUW:ALG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ali Alghanim Sons Automotive Co KSC (KUW:ALG) » Definitions » Pretax Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Airport Road 55, P.O. Box 21540, Safat, Opposite Kaifan Telecommunication, Shuwaikh, KWT, 13076

Website

https://alg.com.kw

Ali Alghanim Sons Automotive Co KSC is engaged in the automotive business. The Primary Activities of the Company are selling and purchasing cars and spare parts, importing and exporting light and heavy vehicles and cars, renting cars, maintaining light & heavy vehicles and cars, trading auto spare parts, and renting equipment and their maintenance. The Group is divided into four main geographical segments which are the State of Kuwait, Iraq, Egypt and the United Arab Emirates. The majority is derived from Kuwait.