MeiG Smart Technology Co (SZSE:002881) Pretax Margin % : 1.36% (As of Mar. 2024)

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What is MeiG Smart Technology Co Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. MeiG Smart Technology Co's Pre-Tax Income for the three months ended in Mar. 2024 was ¥8 Mil. MeiG Smart Technology Co's Revenue for the three months ended in Mar. 2024 was ¥574 Mil. Therefore, MeiG Smart Technology Co's pretax margin for the quarter that ended in Mar. 2024 was 1.36%.

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

SZSE:002881' s Pretax Margin % Range Over the Past 10 Years
Min: 1.35 Med: 6.13 Max: 11.76
Current: 2.11

SZSE:002881's Pretax Margin % is ranked worse than
56.36% of 2461 companies
in the Hardware industry
Industry Median: 3.54 vs SZSE:002881: 2.11

MeiG Smart Technology Co Pretax Margin % Historical Data

The historical data trend for MeiG Smart 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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MeiG Smart Technology Co Pretax Margin % Chart

MeiG Smart Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Pretax Margin %

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2.02

1.35

5.77

6.49

2.94

MeiG Smart Technology 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															5.16	6.73	0.16	0.06	1.36

Competitive Comparison of MeiG Smart Technology Co's Pretax Margin %

For the Communication Equipment subindustry, MeiG Smart 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.

MeiG Smart Technology Co's Pretax Margin % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, MeiG Smart Technology Co's Pretax Margin % distribution charts can be found below:

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

MeiG Smart 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.

MeiG Smart 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 )
	=	63.127	/	2147.336
	=	2.94 %

MeiG Smart 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 )
	=	7.841	/	574.455
	=	1.36 %

MeiG Smart Technology Co (SZSE:002881) 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.

MeiG Smart Technology Co Pretax Margin % Related Terms

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MeiG Smart Technology Co (SZSE:002881) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MeiG Smart Technology Co Ltd (SZSE:002881) » Definitions » Pretax Margin %

Traded in Other Exchanges

N/A

Address

No.5 Lingxia Road, Fenghuang Fourth Industrial Zone, Fuyong Street, Baoan District, No.1, 2nd Floor, 3rd Floor, Building A, Building B, Guangdong Province, Shenzhen, CHN, 518103

Website

http://www.meigsmart.com

MeiG Smart Technology Co Ltd is the communications equipment manufacturing company. Its core business is the development and production of IoT smart terminals, wireless communication modules (M2M) and intelligent hardware as well as precision mold development and production and sales of precision components. The company's IoT smart terminals, LTE module products and wireless data solutions applied in the fields of mobile payment, car networking, security, industrial routing, consumer electronics, smart power, smart meter reading, intelligent terminals, and item tracking. application.

Executives

Ning Huan	Supervisors
Ning Jian	Supervisors
Chen Yue Liang	Secretary, Director

MeiG Smart Technology Co (SZSE:002881) Headlines

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