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AKBKF (Akita Bank) Pretax Margin % : 18.23% (As of Mar. 2024)


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What is Akita Bank Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Akita Bank's Pre-Tax Income for the three months ended in Mar. 2024 was $13.5 Mil. Akita Bank's Revenue for the three months ended in Mar. 2024 was $73.9 Mil. Therefore, Akita Bank's pretax margin for the quarter that ended in Mar. 2024 was 18.23%.

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

AKBKF' s Pretax Margin % Range Over the Past 10 Years
Min: 10.12   Med: 14.94   Max: 26.58
Current: 19.46


AKBKF's Pretax Margin % is ranked worse than
75.6% of 1594 companies
in the Banks industry
Industry Median: 31.85 vs AKBKF: 19.46

Akita Bank Pretax Margin % Historical Data

The historical data trend for Akita Bank'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.

Akita Bank Pretax Margin % Chart

Akita Bank Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.52 10.12 11.87 10.42 16.37

Akita Bank Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 7.56 25.08 15.68 18.23 18.98

Competitive Comparison of Akita Bank's Pretax Margin %

For the Banks - Regional subindustry, Akita Bank'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.


Akita Bank's Pretax Margin % Distribution in the Banks Industry

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

* The bar in red indicates where Akita Bank's Pretax Margin % falls into.



Akita Bank 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.

Akita Bank's Pretax Margin for the fiscal year that ended in Mar. 2024 is calculated as

Pretax Margin=Pre-Tax Income (A: Mar. 2024 )/Revenue (A: Mar. 2024 )
=42.258/258.092
=16.37 %

Akita Bank's Pretax Margin for the quarter that ended in Mar. 2024 is calculated as

Pretax Margin=Pre-Tax Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=13.463/73.863
=18.23 %

* 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.


Akita Bank  (OTCPK:AKBKF) 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.


Akita Bank Pretax Margin % Related Terms

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Akita Bank Business Description

Traded in Other Exchanges
Address
2-1 Sanno 3-Chome, Akita, JPN, 010-8655
Akita Bank Ltd is the banking subsidiary of the Akita Bank Group, which is composed of a Japanese regional bank and five consolidated subsidiaries operating primarily in the Akita Prefecture. The bank's strategy emphasizes regional market penetration to drive profitability. The group offers various financial services, principally banking. In addition, it offers leasing, consulting, guarantee services, and credit card services. Just over half of its earning assets are in loans and bills discounted, followed in size by securities. Most of the group's income is generated through net interest income, followed by fees and commissions.

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