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SORL Auto Parts (SORL Auto Parts) Pretax Margin % : 4.49% (As of Sep. 2019)


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What is SORL Auto Parts Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. SORL Auto Parts's Pre-Tax Income for the three months ended in Sep. 2019 was $5.0 Mil. SORL Auto Parts's Revenue for the three months ended in Sep. 2019 was $112.2 Mil. Therefore, SORL Auto Parts's pretax margin for the quarter that ended in Sep. 2019 was 4.49%.

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


SORL's Pretax Margin % is not ranked *
in the Vehicles & Parts industry.
Industry Median: 4.475
* Ranked among companies with meaningful Pretax Margin % only.

SORL Auto Parts Pretax Margin % Historical Data

The historical data trend for SORL Auto Parts'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.

SORL Auto Parts Pretax Margin % Chart

SORL Auto Parts Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.59 7.57 8.83 8.13 6.68

SORL Auto Parts Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
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 6.57 3.73 8.70 4.74 4.49

Competitive Comparison of SORL Auto Parts's Pretax Margin %

For the Auto Parts subindustry, SORL Auto Parts'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.


SORL Auto Parts's Pretax Margin % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, SORL Auto Parts's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where SORL Auto Parts's Pretax Margin % falls into.



SORL Auto Parts 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.

SORL Auto Parts's Pretax Margin for the fiscal year that ended in Dec. 2018 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2018 )/Revenue (A: Dec. 2018 )
=31.267/468.05
=6.68 %

SORL Auto Parts's Pretax Margin for the quarter that ended in Sep. 2019 is calculated as

Pretax Margin=Pre-Tax Income (Q: Sep. 2019 )/Revenue (Q: Sep. 2019 )
=5.042/112.227
=4.49 %

* 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.


SORL Auto Parts  (NAS:SORL) 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.


SORL Auto Parts Pretax Margin % Related Terms

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SORL Auto Parts (SORL Auto Parts) Business Description

Traded in Other Exchanges
N/A
Address
NO. 2666 KaiFaqu Avenue, Ruili Industry Area, Zhejiang Province, Ruian City, CHN, 325200
SORL Auto Parts Inc develops, manufactures and distributes automotive brake systems and other key safety-related auto parts to automotive original equipment manufacturers, and the related aftermarket both in China and internationally. The company is organized into two principal operating division: Commercial Vehicles Brake Systems and Passenger Vehicles Brake Systems. Its key products are air brake system, tubes and fittings, ABS and diagnosis, power steering pumps, electrical and railway parts, and new energy parts. The company's products are principally used in different types of commercial vehicles, such as trucks and buses. Most of the firm's revenue gets generated through Commercial Vehicles Brake Systems segment.
Executives
Kevin R Keating director, officer: President 190 LAKEVIEW WAY, VERO BEACH FL 32963