Changzhou Evergreen Technology Co (SZSE:001324) Pretax Margin % : 18.85% (As of Mar. 2024)

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What is Changzhou Evergreen Technology Co Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Changzhou Evergreen Technology Co's Pre-Tax Income for the three months ended in Mar. 2024 was ¥15.4 Mil. Changzhou Evergreen Technology Co's Revenue for the three months ended in Mar. 2024 was ¥81.6 Mil. Therefore, Changzhou Evergreen Technology Co's pretax margin for the quarter that ended in Mar. 2024 was 18.85%.

The historical rank and industry rank for Changzhou Evergreen Technology Co's Pretax Margin % or its related term are showing as below:

SZSE:001324' s Pretax Margin % Range Over the Past 10 Years
Min: 13.35 Med: 15.38 Max: 19.59
Current: 15.52

SZSE:001324's Pretax Margin % is ranked better than
72.51% of 964 companies
in the Transportation industry
Industry Median: 7.165 vs SZSE:001324: 15.52

Changzhou Evergreen Technology Co Pretax Margin % Historical Data

The historical data trend for Changzhou Evergreen Technology 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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Changzhou Evergreen Technology Co Pretax Margin % Chart

Changzhou Evergreen Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Pretax Margin %

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19.59

16.23

15.86

14.70

14.90

Changzhou Evergreen Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Pretax Margin %	Get a 7-Day Free Trial									14.98	18.88	17.23	8.68	18.85

Competitive Comparison of Changzhou Evergreen Technology Co's Pretax Margin %

For the Railroads subindustry, Changzhou Evergreen Technology 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.

Changzhou Evergreen Technology Co's Pretax Margin % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Changzhou Evergreen Technology Co's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Changzhou Evergreen Technology Co's Pretax Margin % falls into.

Changzhou Evergreen Technology 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.

Changzhou Evergreen Technology 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 )
	=	79.025	/	530.222
	=	14.90 %

Changzhou Evergreen Technology 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 )
	=	15.376	/	81.591
	=	18.85 %

Changzhou Evergreen Technology Co (SZSE:001324) 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.

Changzhou Evergreen Technology Co Pretax Margin % Related Terms

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Changzhou Evergreen Technology Co (SZSE:001324) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Changzhou Evergreen Technology Co Ltd (SZSE:001324) » Definitions » Pretax Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 300, Hehai West Road, Xinbei District, Jiangsu, Changzhou, CHN, 213125

Website

https://www.cetrail.com

Changzhou Evergreen Technology Co Ltd is a high-tech enterprise based on the development and application of sandwich composite materials, mainly providing supporting products and integrated solutions for the interior decoration of rail transit vehicles and building interior and exterior decoration. The company has participated in the formulation of many national and industry standards such as aluminum honeycomb panels and stone honeycomb panels, creating Many industry-leading application cases are the leading enterprises in the development and industrial application of sandwich composite materials in China.

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