VNET Group (VNET Group) Pre-Tax Income : $-23 Mil (TTM As of Sep. 2023)

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What is VNET Group Pre-Tax Income?

Pretax income is the income that a company earns before paying income taxes. VNET Group's pretax income for the three months ended in Sep. 2023 was $-5 Mil. Its pretax income for the trailing twelve months (TTM) ended in Sep. 2023 was $-23 Mil. VNET Group's pretax margin was -1.93%.

During the past 13 years, VNET Group's highest Pretax Margin was 10.75%. The lowest was -53.46%. And the median was -9.87%.

VNET Group Pre-Tax Income Historical Data

The historical data trend for VNET Group's Pre-Tax Income 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.

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VNET Group Pre-Tax Income Chart

VNET Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Pre-Tax Income

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3.53

-17.86

-394.81

104.43

-90.43

VNET Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Pre-Tax Income	Get a 7-Day Free Trial															-52.40	-8.11	21.57	-31.56	-4.99

Competitive Comparison of VNET Group's Pre-Tax Income

For the Information Technology Services subindustry, VNET Group's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income 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.

VNET Group's Pre-Tax Income Distribution in the Software Industry

For the Software industry and Technology sector, VNET Group's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where VNET Group's Pre-Tax Income falls into.

VNET Group Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

VNET Group's Pretax Income for the fiscal year that ended in Dec. 2022 is calculated as

Pretax Income	=	Operating Income	+	Non Operating Income	+	Interest Expense	+	Interest Income	+	Other
	=	17.378	+	-73.136	+	-39.202	+	4.529	+	0
	=	-90

VNET Group's Pretax Income for the quarter that ended in Sep. 2023 is calculated as

Pretax Income	=	Operating Income	+	Non Operating Income	+	Interest Expense	+	Interest Income	+	Other
	=	4.41	+	1.414	+	-12.579	+	1.766	+	8.8817841970013E-16
	=	-5

Pre-Tax Income for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-23 Mil.

VNET Group (NAS:VNET) Pre-Tax Income Explanation

VNET Group's Pretax Margin for the quarter that ended in Sep. 2023 is calculated as

Pretax Margin	=	Pretax Income	/	Revenue
	=	-4.989	/	258.557
	=	-1.93%

During the past 13 years, VNET Group's highest Pretax Margin was 10.75%. The lowest was -53.46%. And the median was -9.87%.

VNET Group Pre-Tax Income Related Terms

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VNET Group (VNET Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » VNET Group Inc (NAS:VNET) » Definitions » Pre-Tax Income

Comparable Companies

Traded in Other Exchanges

217A:Germany

Address

No. 10 Jiuxianqiao East Road, Guanjie Building Southeast 1st Floor, Chaoyang District, Beijing, CHN, 100016

Website

https://www.vnet.com

VNET started as AsiaCloud in 1999 and moved to the data center business with its first self-developed data center opening in 2010. The firm listed (as 21Vianet) on the Nasdaq in April 2011, subsequently changing its name to VNET Group in 2021. It originally focused on providing data center services such as colocation and cloud services to retail clients in China, but added hyperscale customers in 2019 and now counts large Chinese hyperscalers such as Alibaba Cloud, Tencent Cloud, and Huawei Cloud as customers. At end-September 2023 it had 84,608 self-built cabinets with the majority in Beijing, Shanghai, and the Greater Bay area. It also operated partnered data centers with around 4,314 cabinets and had 476 MW of wholesale capacity contracted or under a memorandum of understanding.