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MEKO AB (OSTO:MEKO) Pretax Margin % : 1.71% (As of Mar. 2024)


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What is MEKO AB Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. MEKO AB's Pre-Tax Income for the three months ended in Mar. 2024 was kr75 Mil. MEKO AB's Revenue for the three months ended in Mar. 2024 was kr4,390 Mil. Therefore, MEKO AB's pretax margin for the quarter that ended in Mar. 2024 was 1.71%.

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

OSTO:MEKO' s Pretax Margin % Range Over the Past 10 Years
Min: 3.11   Med: 6.03   Max: 11.5
Current: 3.11


OSTO:MEKO's Pretax Margin % is ranked worse than
58.8% of 1284 companies
in the Vehicles & Parts industry
Industry Median: 4.46 vs OSTO:MEKO: 3.11

MEKO AB Pretax Margin % Historical Data

The historical data trend for MEKO AB'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.

MEKO AB Pretax Margin % Chart

MEKO AB 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 4.62 5.07 6.05 4.04 3.37

MEKO AB 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 2.81 5.22 5.29 0.42 1.71

Competitive Comparison of MEKO AB's Pretax Margin %

For the Auto Parts subindustry, MEKO AB'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.


MEKO AB's Pretax Margin % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, MEKO AB's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where MEKO AB's Pretax Margin % falls into.



MEKO AB 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.

MEKO AB'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 )
=582/17278
=3.37 %

MEKO AB'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 )
=75/4390
=1.71 %

* 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.


MEKO AB  (OSTO:MEKO) 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.


MEKO AB Pretax Margin % Related Terms

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MEKO AB (OSTO:MEKO) Business Description

Traded in Other Exchanges
Address
Solnavagen 4, 11th Floor, Box 19542, Stockholm, SWE, SE-104 32
Meko AB functions in the car aftermarket, operating car service chains, and wholesale operations. It offers spare parts and accessories to affiliated workshops, other workshops, other business-to-business customers, and car owners. The company conducts business through segments: Denmark, Finland, Poland/the Baltics, Sweden/Norway, and Sorensen og Balchen (Norway). It generates maximum revenue from Sweden/Norway. Affiliated workshops operate under the company's brands: BilXtra, MECA Car Service, Mekonomen Bilverstad, MekoPartner, and Speedy, among others.

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