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Akbank TAS (Akbank TAS) Pretax Margin % : 46.85% (As of Dec. 2023)


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What is Akbank TAS Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Akbank TAS's Pre-Tax Income for the three months ended in Dec. 2023 was $602 Mil. Akbank TAS's Revenue for the three months ended in Dec. 2023 was $1,285 Mil. Therefore, Akbank TAS's pretax margin for the quarter that ended in Dec. 2023 was 46.85%.

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

AKBTY' s Pretax Margin % Range Over the Past 10 Years
Min: 31.9   Med: 42.5   Max: 71.81
Current: 57.89


AKBTY's Pretax Margin % is ranked better than
91.15% of 1458 companies
in the Banks industry
Industry Median: 32.765 vs AKBTY: 57.89

Akbank TAS Pretax Margin % Historical Data

The historical data trend for Akbank TAS'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.

Akbank TAS Pretax Margin % Chart

Akbank TAS 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 32.05 31.90 42.11 71.81 57.89

Akbank TAS 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 75.69 49.00 63.97 66.68 46.85

Competitive Comparison of Akbank TAS's Pretax Margin %

For the Banks - Regional subindustry, Akbank TAS'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.


Akbank TAS's Pretax Margin % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Akbank TAS's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Akbank TAS's Pretax Margin % falls into.



Akbank TAS 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.

Akbank TAS'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 )
=2995.112/5173.723
=57.89 %

Akbank TAS'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 )
=601.958/1284.884
=46.85 %

* 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.


Akbank TAS  (OTCPK:AKBTY) 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.


Akbank TAS Pretax Margin % Related Terms

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Akbank TAS (Akbank TAS) Business Description

Traded in Other Exchanges
Address
Akbank Sabanci Center, 4. Levent, Istanbul, TUR, 34330
Akbank TAS is a Turkish bank whose core business activities include consumer and private, commercial, small to midsize enterprise, and corporate and investment banking services. Other activities include foreign exchange, money markets, and securities transactions. In addition to traditional banking activities, the company provides insurance intermediary services. Approximately half of the bank's outstanding shares are owned by Sabanci Holding, a large Turkish financial conglomerate, and its affiliates. Net interest income contributes to the vast majority of net revenue, followed by net fees and commissions. The banks gives credit exposure to the services industry.

Akbank TAS (Akbank TAS) Headlines

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