COSCO SHIPPING Specialized Carriers Co (SHSE:600428) Pretax Margin % : 11.77% (As of Mar. 2024)

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What is COSCO SHIPPING Specialized Carriers Co Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. COSCO SHIPPING Specialized Carriers Co's Pre-Tax Income for the three months ended in Mar. 2024 was ¥404 Mil. COSCO SHIPPING Specialized Carriers Co's Revenue for the three months ended in Mar. 2024 was ¥3,430 Mil. Therefore, COSCO SHIPPING Specialized Carriers Co's pretax margin for the quarter that ended in Mar. 2024 was 11.77%.

The historical rank and industry rank for COSCO SHIPPING Specialized Carriers Co's Pretax Margin % or its related term are showing as below:

SHSE:600428' s Pretax Margin % Range Over the Past 10 Years
Min: 1.64 Med: 3.47 Max: 9.93
Current: 8.95

SHSE:600428's Pretax Margin % is ranked better than
56.12% of 964 companies
in the Transportation industry
Industry Median: 7.165 vs SHSE:600428: 8.95

COSCO SHIPPING Specialized Carriers Co Pretax Margin % Historical Data

The historical data trend for COSCO SHIPPING Specialized Carriers Co'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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COSCO SHIPPING Specialized Carriers Co Pretax Margin % Chart

COSCO SHIPPING Specialized Carriers Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Pretax Margin %

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2.43

2.15

5.33

8.75

9.93

COSCO SHIPPING Specialized Carriers Co 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															16.12	9.15	10.41	4.18	11.77

Competitive Comparison of COSCO SHIPPING Specialized Carriers Co's Pretax Margin %

For the Marine Shipping subindustry, COSCO SHIPPING Specialized Carriers Co'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.

COSCO SHIPPING Specialized Carriers Co's Pretax Margin % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, COSCO SHIPPING Specialized Carriers Co's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where COSCO SHIPPING Specialized Carriers Co's Pretax Margin % falls into.

COSCO SHIPPING Specialized Carriers Co 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.

COSCO SHIPPING Specialized Carriers Co'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 )
	=	1191.887	/	12006.677
	=	9.93 %

COSCO SHIPPING Specialized Carriers Co'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 )
	=	403.835	/	3430.373
	=	11.77 %

COSCO SHIPPING Specialized Carriers Co (SHSE:600428) 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.

COSCO SHIPPING Specialized Carriers Co Pretax Margin % Related Terms

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COSCO SHIPPING Specialized Carriers Co (SHSE:600428) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » COSCO SHIPPING Specialized Carriers Co Ltd (SHSE:600428) » Definitions » Pretax Margin %

Traded in Other Exchanges

N/A

Address

No. 282 Dongjiang Avenue, Free Trade Zone, Kangsheng Building, Guangdong Province, Guangzhou, CHN, 510623

Website

http://www.coscol.com.cn

COSCO Shipping is mainly engaged in the multipurpose shipping business. It also offers specialized shipping services. The company's specialized shipping unit owns semisubmersible ships, heavy-lift ships, roll-on/roll-off vessels, and vehicle carriers. Parent company COSCO owns a 50.13% stake in COSCO Shipping. At the end of December 2010, COSCO Shipping owned 77 ships with a total shipping capacity of 1.3173 million deadweight tons.

Executives

Han Guo Min	senior management
Fang Zhi Wei	Supervisors
Guo Jing	Director
Lin Jing Wei	senior management
Guo Fu Xiang	senior management
Lai Yi Guang	senior management
Tan Jin Song	Director
Du Jun Ming	senior management
Xue Jun Dong	senior management
Jin Li Zuo	Director

COSCO SHIPPING Specialized Carriers Co (SHSE:600428) Headlines

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