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Core Scientific (Core Scientific) Pretax Margin % : -137.64% (As of Dec. 2023)


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What is Core Scientific Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Core Scientific's Pre-Tax Income for the three months ended in Dec. 2023 was $-195.4 Mil. Core Scientific's Revenue for the three months ended in Dec. 2023 was $141.9 Mil. Therefore, Core Scientific's pretax margin for the quarter that ended in Dec. 2023 was -137.64%.

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

CORZ' s Pretax Margin % Range Over the Past 10 Years
Min: -337.87   Med: -20.24   Max: 11.58
Current: -51.18


CORZ's Pretax Margin % is ranked worse than
83.32% of 2757 companies
in the Software industry
Industry Median: 2.21 vs CORZ: -51.18

Core Scientific Pretax Margin % Historical Data

The historical data trend for Core Scientific'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.

Core Scientific Pretax Margin % Chart

Core Scientific Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Pretax Margin %
-20.03 -20.24 11.58 -337.87 -48.93

Core Scientific Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -376.36 -9.60 -7.19 -36.34 -137.64

Competitive Comparison of Core Scientific's Pretax Margin %

For the Software - Infrastructure subindustry, Core Scientific'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.


Core Scientific's Pretax Margin % Distribution in the Software Industry

For the Software industry and Technology sector, Core Scientific's Pretax Margin % distribution charts can be found below:

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



Core Scientific 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.

Core Scientific's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=-245.804/502.4
=-48.93 %

Core Scientific's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as

Pretax Margin=Pre-Tax Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=-195.357/141.929
=-137.64 %

* 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.


Core Scientific  (NAS:CORZ) 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.


Core Scientific Pretax Margin % Related Terms

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Core Scientific (Core Scientific) Business Description

Comparable Companies
Traded in Other Exchanges
Address
210 Barton Springs Road, Austin, TX, USA, 78704
Core Scientific Inc is engaged in Blockchain and AI Infrastructure, Digital Asset Self-Mining, Premium Hosting, Blockchain Technology, and Artificial Intelligence related services. The business operates in two segments being; Equipment Sales and Hosting which consists of blockchain infrastructure, third-party hosting business and equipment sales to customers. Mining segment consists of digital asset mining for its account. The blockchain business generates revenue from the sale of consumption-based contracts and by providing hosting services. The digital asset mining segment earns revenue from operating a firm's owned computer equipment as part of a pool of users that process transactions conducted on one or more blockchain networks. In exchange, it receives digital currency assets.

Core Scientific (Core Scientific) Headlines

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