Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. The Toro Co's Pre-Tax Income for the
three
months ended in Jan. 2024 was $80 Mil. The Toro Co's Revenue for the
three
months ended in Jan. 2024 was $1,002 Mil. Therefore, The Toro Co's pretax margin for the quarter that ended in Jan. 2024 was 7.99%.
The historical rank and industry rank for The Toro Co's Pretax Margin % or its related term are showing as below:
TTC'
s Pretax Margin % Range Over the Past 10 Years
Min: 7.93 Med: 12.21 Max: 14.22
Current: 7.93
TTC's Pretax Margin % is ranked better than 57% of 2972
companies
in the Industrial Products industry
Industry Median: 6.515
vs TTC: 7.93
The Toro Co Pretax Margin % Historical Data
The historical data trend for The Toro 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.
Competitive Comparison of The Toro Co's Pretax Margin %
For the Tools & Accessories subindustry, The Toro 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.
The Toro Co's Pretax Margin % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, The Toro Co's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where The Toro Co's Pretax Margin % falls into.
The Toro 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.
The Toro Co's Pretax Margin for the fiscal year that ended in Oct. 2023 is calculated as
* 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.
The Toro Co (NYSE:TTC) 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.
The Toro Co Pretax Margin % Related Terms
Thank you for viewing the detailed overview of The Toro Co's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
The Toro Co manufactures turf maintenance and landscaping equipment. The company produces reel and rotary riding products, trim cutting and walking mowers, greens rollers, turf sprayer equipment, underground irrigation systems, heavy-duty walk-behind mowers, and sprinkler systems used for professional turf and landscape maintenance and construction. Its products are marketed through a network of distributors and dealers to predominantly professional users maintaining turfs and sports fields such as golf courses. Its operating segments are Professional which generates a substantial part of its revenue, and Residential segment. The company also produces snow plowers and ice management products. Its key revenue generating market is the United States.
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