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New World Development Co (New World Development Co) Pretax Margin % : 22.81% (As of Dec. 2023)


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What is New World Development Co Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. New World Development Co's Pre-Tax Income for the six months ended in Dec. 2023 was $498 Mil. New World Development Co's Revenue for the six months ended in Dec. 2023 was $2,185 Mil. Therefore, New World Development Co's pretax margin for the quarter that ended in Dec. 2023 was 22.81%.

The historical rank and industry rank for New World Development Co's Pretax Margin % or its related term are showing as below:

NDVLY' s Pretax Margin % Range Over the Past 10 Years
Min: 10.6   Med: 29.15   Max: 56.36
Current: 11.31

NDVLY's Pretax Margin % is ranked better than
54.14% of 1788 companies
in the Real Estate industry
Industry Median: 9.03 vs NDVLY: 11.31

New World Development Co Pretax Margin % Historical Data

The historical data trend for New World Development 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.

* Premium members only.

New World Development Co Pretax Margin % Chart

New World Development Co Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37.95 18.29 15.14 13.51 10.60

New World Development Co Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 20.76 5.61 16.96 8.60 22.81

Competitive Comparison of New World Development Co's Pretax Margin %

For the Real Estate - Diversified subindustry, New World Development 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.

New World Development Co's Pretax Margin % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, New World Development Co's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where New World Development Co's Pretax Margin % falls into.


New World Development 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.

New World Development Co's Pretax Margin for the fiscal year that ended in Jun. 2023 is calculated as

Pretax Margin=Pre-Tax Income (A: Jun. 2023 )/Revenue (A: Jun. 2023 )
=1288.944/12155.47
=10.60 %

New World Development Co'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 )
=498.361/2185.139
=22.81 %

* 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.

New World Development Co  (OTCPK:NDVLY) 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.

New World Development Co Pretax Margin % Related Terms

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New World Development Co (New World Development Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » New World Development Co Ltd (OTCPK:NDVLY) » Definitions » Pretax Margin %
Comparable Companies
HKSE:00041 HKSE:00258 HKSE:00207 HKSE:00242 HKSE:00050 HKSE:00978 HKSE:00120 HKSE:00251 HKSE:00488 HKSE:00355 ASX:GMG TSE:8801 TSE:8802 HKSE:00012 PHS:SMPH BKK:CPN XSWX:SPSN OSTO:BALD B TSE:1878 BOM:503100
Traded in Other Exchanges
NWWDF:USA 00017:Hong Kong NWDA:Germany
Address
16-18 Queen's Road, Central, 30th Floor, New World Tower, Hong Kong, HKG
Website
https://www.nwd.com.hk
New World Development, or NWD, is the listed property arm of Chow Tai Fook, owned by the Cheng family. Chow Tai Fook owns a 45% stake in NWD, which mainly engages in residential property development and investment properties of retail malls and offices in Hong Kong and mainland China. NWD also develops high-end hotels across Hong Kong, mainland China and in Southeast Asia. Additionally, NWD holds a 75% interest in New World Department Store China, which operates 24 department stores in mainland China.