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ERC (Allspring Multi-Sectorome Fund) Pretax Margin % : 98.92% (As of Apr. 2024)


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What is Allspring Multi-Sectorome Fund Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Allspring Multi-Sectorome Fund's Pre-Tax Income for the six months ended in Apr. 2024 was $24.11 Mil. Allspring Multi-Sectorome Fund's Revenue for the six months ended in Apr. 2024 was $24.38 Mil. Therefore, Allspring Multi-Sectorome Fund's pretax margin for the quarter that ended in Apr. 2024 was 98.92%.

The historical rank and industry rank for Allspring Multi-Sectorome Fund's Pretax Margin % or its related term are showing as below:

ERC' s Pretax Margin % Range Over the Past 10 Years
Min: -21.57   Med: 98.19   Max: 228.16
Current: 97.44


ERC's Pretax Margin % is ranked better than
64.64% of 1643 companies
in the Asset Management industry
Industry Median: 91.36 vs ERC: 97.44

Allspring Multi-Sectorome Fund Pretax Margin % Historical Data

The historical data trend for Allspring Multi-Sectorome Fund'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.

Allspring Multi-Sectorome Fund Pretax Margin % Chart

Allspring Multi-Sectorome Fund Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 98.13 228.16 99.05 100.57 97.71

Allspring Multi-Sectorome Fund Semi-Annual Data
Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24
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 100.43 100.88 99.37 135.66 98.92

Competitive Comparison of Allspring Multi-Sectorome Fund's Pretax Margin %

For the Asset Management subindustry, Allspring Multi-Sectorome Fund'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.


Allspring Multi-Sectorome Fund's Pretax Margin % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Allspring Multi-Sectorome Fund's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Allspring Multi-Sectorome Fund's Pretax Margin % falls into.



Allspring Multi-Sectorome Fund 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.

Allspring Multi-Sectorome Fund's Pretax Margin for the fiscal year that ended in Oct. 2023 is calculated as

Pretax Margin=Pre-Tax Income (A: Oct. 2023 )/Revenue (A: Oct. 2023 )
=20.262/20.736
=97.71 %

Allspring Multi-Sectorome Fund's Pretax Margin for the quarter that ended in Apr. 2024 is calculated as

Pretax Margin=Pre-Tax Income (Q: Apr. 2024 )/Revenue (Q: Apr. 2024 )
=24.114/24.377
=98.92 %

* 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.


Allspring Multi-Sectorome Fund  (AMEX:ERC) 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.


Allspring Multi-Sectorome Fund Pretax Margin % Related Terms

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Allspring Multi-Sectorome Fund Business Description

Traded in Other Exchanges
N/A
Address
1415 Vantage Park Drive, 3rd Floor, Charlotte, NC, USA, 28203
Allspring Multi-Sector Income Fund is a closed-end investment management company. The company's core business is to secure a high level of income for its investors consistent with limiting its overall exposure to domestic interest rate risk. It invests in U.S. dollar-denominated below investment-grade bonds, debentures, and other income obligations, including loans and preferred stocks, developed and emerging market debt securities, including obligations of foreign governments or governmental entities, foreign corporations, or supranational agencies denominated in various currencies, asset backed securities and investment grade corporate bonds.
Executives
Jennifer Lea Grunberg officer: Chief Compliance Officer 350 PARK AVENUE, ALLSPRING GLOBAL INVESTMENTS, NEW YORK NY 10022
Jonathan Crawford officer: Chief Compliance Officer BOW BELLS HOUSE, 1 BREAD STREET, LONDON X0 EC4M 4BE
Paul Werner Felsch officer: Chief Complaince Officer 100 HERITAGE RESERVE, ALLSPRING GLOBAL INVESTMENTS, MENOMONEE FALLS WI 53051
Jane A Freeman director ALLSPRING FUNDS MANAGEMENT, LLC, 525 MARKET STREET, 12TH FLOOR, SAN FRANCISCO CA 94105
Christopher Micah Baker officer: Chief Compliance Officer ALLSPRING GLOBAL INVESTMENTS, 101 SEAPORT BLVD, BOSTON MA 02356
Karin Brotman officer: Chief Compliance Officer ALLSPRING GLOBAL INVESTMENTS, 525 MARKET STREET, SAN FRANCISCO CA 94105
Kate Sandman Mckinley officer: Chief Compliance Officer ALLSPRING GLOBAL INVESTMENTS, 101 SEAPORT BLVD, BOSTON MA 02210
Richard Matthew Prasse officer: Secretary WELLS FARGO LAW DEPARTMENT, 125 HIGH STREET, FLOOR 13, BOSTON MA 02110-2704
Simon Fj Cockbill officer: Chief Compliance Officer WELLS FARGO BANK, 33 KING WILLIAM STREET, FLOOR 03, LONDON X0 EC4R 9AT
Christopher M Lee other: Portfolio Manager WELLS CAPITAL MANAGEMENT, 525 MARKET STREET, 12TH FLOOR, SAN FRANCISCO CA 94105
Alison Jane Hewitt officer: Chief Compliance Officer WELLS FARGO BANK, 33 KING WILLIAM STREET, FLOOR 01, LONDON X0 EC4R 9AT
Michael Joseph Schueller other: Portfolio Manager 100 HERITAGE RESERVE, 2ND FLOOR, WELLS CAPITAL MANAGEMENT, MENOMONEE FALLS WI 53051-4400
Daniel J. Mavico officer: Chief Compliance Officer 401 S TRYON STREET, FLOOR 2, CHARLOTTE NC 28202-1911
Kevin T. Roskopf other: Share Repurchase Committee Mem WELLS FARGO ASSET MANAGEMENT, 100 HERITAGE RESERVE, 1ST FLOOR, MENOMONEE FALLS WI 53051-4400
Catherine Jane Ibbotson officer: Chief Compliance Officer 1 PLANTATION PL 30 FENCHURCH ST, LONDON X0 EC3M 3BD