MingZhu Logistics Holdings (MingZhu Logistics Holdings) Pretax Margin % : 4.49% (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is MingZhu Logistics Holdings Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. MingZhu Logistics Holdings's Pre-Tax Income for the six months ended in Dec. 2023 was $1.48 Mil. MingZhu Logistics Holdings's Revenue for the six months ended in Dec. 2023 was $32.91 Mil. Therefore, MingZhu Logistics Holdings's pretax margin for the quarter that ended in Dec. 2023 was 4.49%.

The historical rank and industry rank for MingZhu Logistics Holdings's Pretax Margin % or its related term are showing as below:

YGMZ' s Pretax Margin % Range Over the Past 10 Years
Min: -4.63 Med: 6.11 Max: 13.97
Current: 0.71

YGMZ's Pretax Margin % is ranked worse than
78.87% of 970 companies
in the Transportation industry
Industry Median: 7.12 vs YGMZ: 0.71

MingZhu Logistics Holdings Pretax Margin % Historical Data

The historical data trend for MingZhu Logistics Holdings'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.

MingZhu Logistics Holdings Pretax Margin % Chart

MingZhu Logistics Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Pretax Margin %

Get a 7-Day Free Trial

8.38

6.11

-4.63

0.26

0.71

MingZhu Logistics Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Pretax Margin %	Get a 7-Day Free Trial							-6.29	3.54	-61.75	-1.51	4.49

Competitive Comparison of MingZhu Logistics Holdings's Pretax Margin %

For the Trucking subindustry, MingZhu Logistics Holdings'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.

MingZhu Logistics Holdings's Pretax Margin % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, MingZhu Logistics Holdings's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where MingZhu Logistics Holdings's Pretax Margin % falls into.

MingZhu Logistics Holdings 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.

MingZhu Logistics Holdings'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 )
	=	0.634	/	89.002
	=	0.71 %

MingZhu Logistics Holdings'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 )
	=	1.479	/	32.911
	=	4.49 %

MingZhu Logistics Holdings (NAS:YGMZ) 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.

MingZhu Logistics Holdings Pretax Margin % Related Terms

Thank you for viewing the detailed overview of MingZhu Logistics Holdings's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

MingZhu Logistics Holdings (MingZhu Logistics Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » MingZhu Logistics Holdings Ltd (NAS:YGMZ) » Definitions » Pretax Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3018 Shayan Road, 27F, Yantian Modern Industry Service Center, Yantian District, Guangdong, Shenzhen, CHN, 518081

Website

http://www.szygmz.com

MingZhu Logistics Holdings Ltd provides transportation and logistics services. The firm offers 3A-grade trucking services in China. It operates a self-owned truckload fleet with more than 130 tractors and 90 trailers. The firm's transportation services are operated out of two terminals: Guangdong region, and Xinjiang region. The company's customers include sizeable logistics companies, freight forwarders, and warehouse operators. The firm derives its key revenue from the trucking service business.