Can Fite Biofarma (XTAE:CANF) Pretax Margin % : -1,064.86% (As of Dec. 2023)

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What is Can Fite Biofarma Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Can Fite Biofarma's Pre-Tax Income for the three months ended in Dec. 2023 was ₪-6.09 Mil. Can Fite Biofarma's Revenue for the three months ended in Dec. 2023 was ₪0.57 Mil. Therefore, Can Fite Biofarma's pretax margin for the quarter that ended in Dec. 2023 was -1,064.86%.

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

XTAE:CANF' s Pretax Margin % Range Over the Past 10 Years
Min: -5072.53 Med: -1255.81 Max: -171.91
Current: -1026.96

XTAE:CANF's Pretax Margin % is ranked worse than
73.42% of 1031 companies
in the Biotechnology industry
Industry Median: -157.6 vs XTAE:CANF: -1026.96

Can Fite Biofarma Pretax Margin % Historical Data

The historical data trend for Can Fite Biofarma'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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Can Fite Biofarma Pretax Margin % Chart

Can Fite Biofarma Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Pretax Margin %

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-621.27

-1,893.21

-1,479.01

-1,255.81

-1,027.34

Can Fite Biofarma Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Pretax Margin %	Get a 7-Day Free Trial															-1,533.33	-1,300.55	-851.73	-898.62	-1,064.86

Competitive Comparison of Can Fite Biofarma's Pretax Margin %

For the Biotechnology subindustry, Can Fite Biofarma'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.

Can Fite Biofarma's Pretax Margin % Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Can Fite Biofarma's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Can Fite Biofarma's Pretax Margin % falls into.

Can Fite Biofarma 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.

Can Fite Biofarma'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 )
	=	-28.149	/	2.74
	=	-1,027.34 %

Can Fite Biofarma's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as

Pretax Margin	=	Pre-Tax Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	-6.091	/	0.572
	=	-1,064.86 %

Can Fite Biofarma (XTAE:CANF) 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.

Can Fite Biofarma Pretax Margin % Related Terms

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Can Fite Biofarma (XTAE:CANF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Can Fite Biofarma Ltd (XTAE:CANF) » Definitions » Pretax Margin %

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CANF:USA

Address

10 Bareket Street, Kiryat Matalon, P.O. Box 7537, Petah-Tikva, ISR, 4951778

Website

http://www.canfite.com

Can Fite Biofarma Ltd is an advanced clinical stage drug development company with a platform technology that is designed to address multi-billion dollar markets in the treatment of cancer, liver, and inflammatory disease. The company's lead drug candidate, Piclidenoson, is currently in a Phase III trial for psoriasis. Can-Fite's liver drug, Namodenoson, is headed into a Phase III trial for hepatocellular carcinoma (HCC), the most common form of liver cancer, and a Phase IIb trial for the treatment of non-alcoholic steatohepatitis (NASH).