GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Hong Kong Exchanges and Clearing Ltd (HKSE:00388) » Definitions » Pretax Margin %

Hong Kong Exchanges and Clearing (HKSE:00388) Pretax Margin % : 76.99% (As of Dec. 2023)


View and export this data going back to 2000. Start your Free Trial

What is Hong Kong Exchanges and Clearing Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Hong Kong Exchanges and Clearing's Pre-Tax Income for the three months ended in Dec. 2023 was HK$2,887 Mil. Hong Kong Exchanges and Clearing's Revenue for the three months ended in Dec. 2023 was HK$3,750 Mil. Therefore, Hong Kong Exchanges and Clearing's pretax margin for the quarter that ended in Dec. 2023 was 76.99%.

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

HKSE:00388' s Pretax Margin % Range Over the Past 10 Years
Min: 65.39   Med: 76.03   Max: 86.32
Current: 84.17


HKSE:00388's Pretax Margin % is ranked better than
87.9% of 777 companies
in the Capital Markets industry
Industry Median: 18.06 vs HKSE:00388: 84.17

Hong Kong Exchanges and Clearing Pretax Margin % Historical Data

The historical data trend for Hong Kong Exchanges and Clearing'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.

Hong Kong Exchanges and Clearing Pretax Margin % Chart

Hong Kong Exchanges and Clearing Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 80.73 79.19 76.22 68.85 86.32

Hong Kong Exchanges and Clearing Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 95.37 85.35 86.94 76.99 87.24

Competitive Comparison of Hong Kong Exchanges and Clearing's Pretax Margin %

For the Financial Data & Stock Exchanges subindustry, Hong Kong Exchanges and Clearing'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.


Hong Kong Exchanges and Clearing's Pretax Margin % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Hong Kong Exchanges and Clearing's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Hong Kong Exchanges and Clearing's Pretax Margin % falls into.



Hong Kong Exchanges and Clearing 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.

Hong Kong Exchanges and Clearing'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 )
=13332/15445
=86.32 %

Hong Kong Exchanges and Clearing'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 )
=2887/3750
=76.99 %

* 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.


Hong Kong Exchanges and Clearing  (HKSE:00388) 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.


Hong Kong Exchanges and Clearing Pretax Margin % Related Terms

Thank you for viewing the detailed overview of Hong Kong Exchanges and Clearing's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Hong Kong Exchanges and Clearing (HKSE:00388) Business Description

Traded in Other Exchanges
Address
8 Connaught Place, 8th Floor, Two Exchange Square, Central, Hong Kong, HKG
Hong Kong Exchanges and Clearing is a vertically integrated securities exchange business offering listing, data, trading, clearing and settlement services across equities, debt and derivatives. HKEx, like Hong Kong itself, functions as a gateway between China and the rest of the world. HKEx serves as a preferred listing venue for Chinese companies outside of China and, through the Connect Scheme, offers two-way trading for a growing group of financial products with the Shanghai Stock Exchange and the Shenzhen Stock Exchange.

Hong Kong Exchanges and Clearing (HKSE:00388) Headlines

No Headlines