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Harel Insurance Investments & Financial Services (XTAE:HARL) Pretax Margin % : 5.68% (As of Dec. 2023)


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What is Harel Insurance Investments & Financial Services Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Harel Insurance Investments & Financial Services's Pre-Tax Income for the three months ended in Dec. 2023 was ₪365 Mil. Harel Insurance Investments & Financial Services's Revenue for the three months ended in Dec. 2023 was ₪6,425 Mil. Therefore, Harel Insurance Investments & Financial Services's pretax margin for the quarter that ended in Dec. 2023 was 5.68%.

The historical rank and industry rank for Harel Insurance Investments & Financial Services's Pretax Margin % or its related term are showing as below:

XTAE:HARL' s Pretax Margin % Range Over the Past 10 Years
Min: 2.42   Med: 5.26   Max: 10.33
Current: 2.58


XTAE:HARL's Pretax Margin % is ranked worse than
82.38% of 488 companies
in the Insurance industry
Industry Median: 10.115 vs XTAE:HARL: 2.58

Harel Insurance Investments & Financial Services Pretax Margin % Historical Data

The historical data trend for Harel Insurance Investments & Financial Services'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.

Harel Insurance Investments & Financial Services Pretax Margin % Chart

Harel Insurance Investments & Financial Services 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 2.42 5.45 6.18 10.33 2.58

Harel Insurance Investments & Financial Services 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 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 9.91 -1.20 -1.13 8.83 5.68

Competitive Comparison of Harel Insurance Investments & Financial Services's Pretax Margin %

For the Insurance - Diversified subindustry, Harel Insurance Investments & Financial Services'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.


Harel Insurance Investments & Financial Services's Pretax Margin % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Harel Insurance Investments & Financial Services's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Harel Insurance Investments & Financial Services's Pretax Margin % falls into.



Harel Insurance Investments & Financial Services 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.

Harel Insurance Investments & Financial Services'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 )
=642/24856
=2.58 %

Harel Insurance Investments & Financial Services'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 )
=365/6425
=5.68 %

* 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.


Harel Insurance Investments & Financial Services  (XTAE:HARL) 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.


Harel Insurance Investments & Financial Services Pretax Margin % Related Terms

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Harel Insurance Investments & Financial Services (XTAE:HARL) Business Description

Traded in Other Exchanges
N/A
Address
3 Abba Hillel Street, Ramat Gan, ISR
Harel Insurance Investments & Financial Services Ltd is a diversified insurance company that offers a selection of life insurance policies, health insurance, nursing insurance, travel insurance, car insurance, and rent and property insurance to residential and commercial customers in Israel. The company also generates revenue through investment portfolio management, mutual funds, and exchange-traded funds.

Harel Insurance Investments & Financial Services (XTAE:HARL) Headlines