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RDGT (Ridgetech) Pretax Margin % : -3.18% (As of Sep. 2024)


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What is Ridgetech Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Ridgetech's Pre-Tax Income for the six months ended in Sep. 2024 was $-2.3 Mil. Ridgetech's Revenue for the six months ended in Sep. 2024 was $71.2 Mil. Therefore, Ridgetech's pretax margin for the quarter that ended in Sep. 2024 was -3.18%.

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

RDGT' s Pretax Margin % Range Over the Past 10 Years
Min: -17.67   Med: -4.1   Max: 1.19
Current: -3.77


RDGT's Pretax Margin % is ranked worse than
67.66% of 671 companies
in the Healthcare Providers & Services industry
Industry Median: 3.08 vs RDGT: -3.77

Ridgetech Pretax Margin % Historical Data

The historical data trend for Ridgetech'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.

Ridgetech Pretax Margin % Chart

Ridgetech 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 -5.49 -6.27 -1.28 -13.94 -2.70

Ridgetech Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
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 -0.21 -27.06 -1.13 -4.33 -3.18

Competitive Comparison of Ridgetech's Pretax Margin %

For the Pharmaceutical Retailers subindustry, Ridgetech'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.


Ridgetech's Pretax Margin % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Ridgetech's Pretax Margin % distribution charts can be found below:

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



Ridgetech 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.

Ridgetech'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 )
=-4.171/154.541
=-2.70 %

Ridgetech's Pretax Margin for the quarter that ended in Sep. 2024 is calculated as

Pretax Margin=Pre-Tax Income (Q: Sep. 2024 )/Revenue (Q: Sep. 2024 )
=-2.266/71.16
=-3.18 %

* 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.


Ridgetech  (NAS:RDGT) 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.


Ridgetech Pretax Margin % Related Terms

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Ridgetech Business Description

Traded in Other Exchanges
N/A
Address
Renxin Yaju, 4th Floor, Building 5, Gong Shu District, Zhejiang Province, Hangzhou, CHN, 310014
Ridgetech Inc formerly China Jo-Jo Drugstores Inc is a retailer and distributor of pharmaceutical products. The company's operating segments include Retail drugstores, Online Pharmacy, and Drug wholesale. Retail drugstores segment sells prescription and over-the-counter medicines, TCM, dietary supplements, medical devices, and sundry items to retail customers. The online pharmacy segment sells drugs through third-party platforms such as Alibaba's Tmall, JD.com, and Amazon.com. It generates maximum revenue from the Retail drugstores segment.
Executives
Wei Hu officer: Chief Operating Officer HAI WAI HAI TONGXIN MANSION FLOOR 6 GONG SHU DISTRICT HANGZHOU CITY F4 310008
Pingfan Wu director HAI WAI HAI TONGXIN MANSION FLOOR 6 GONG SHU DISTRICT HANGZHOU CITY F4 310008
Jiangliang He director HAI WAI HAI TONGXIN MANSION FLOOR 6 GONG SHU DISTRICT HANGZHOU CITY NY 310008
Liu Yan officer: Secretary HAI WAI HAI TONGXIN MANSION FLOOR 6 GONG SHU DISTRICT HANGZHOU CITY, ZHEJIANG PROVIN F4 310008
Lei Liu director, 10 percent owner, officer: CEO, Chairman of the Board ROOM 507-513, 5TH FLOOR,A BUILDING MEIDU PLAZA, GONGSHU DISTRICT HANGZHOU F4 310011
Ming Zhao director, 10 percent owner, officer: Chief Financial Officer 1ST FLOOR, YUZHENG PLAZA, NO. 76, YUHUANGSHAN ROAD, HANGZHOU, ZHEJIANG PROVINCE F4 00000
Caroline Wang director HAI WAI HAI TONGXIN MANSION FLOOR 6 GONG SHU DISTRICT HANGZHOU CITY F4 310008
Hillhouse Investment Management, Ltd. 10 percent owner OFFICE #122, WINDWARD 3 BUILDING, REGATTA OFFICE PARK, WEST BAY ROAD, GRAND CAYMAN E9 KY1-9006
Li Lei director, 10 percent owner, officer: CEO, Chairman of the Board 511 NE 94TH STREET MIAMI SHORES FL 33138
Li Qi director, 10 percent owner, officer: Secretary ROOM 507-513, 5TH FLOOR, A BUILDING MEIDU PLAZA, GONGSHU DISTRICT HANGZHOU F4 310011
Zhimin Su director 3601B THE CENTER, 989 CHANGLE ROAD SHANGHAI F4 200031
Genghua Gu director 1ST FLOOR, YUZHENG PLAZA NO.76, YUHUANGSHAN ROAD HANGZHOU, ZHEJIANG PROVINCE F4 310002
Taihong Guo director 7TH FLOOR, QINGCHUNBAO GROUP NO. 555 XIXI ROAD HANGZHOU F4 310013
Tchaikovsky Bennet Price Jr other: Former Director 11601 WILSHIRE BOULEVARD, SUITE 2150, LOS ANGELES CA 90025
Marc Thomas Serrio other: Former Director P.O. BOX 91836 PASADENA CA 91109