OrbusNeich Medical Group Holdings (HKSE:06929) Pretax Margin % : 26.97% (As of Jun. 2024)

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What is OrbusNeich Medical Group Holdings Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. OrbusNeich Medical Group Holdings's Pre-Tax Income for the six months ended in Jun. 2024 was HK$166 Mil. OrbusNeich Medical Group Holdings's Revenue for the six months ended in Jun. 2024 was HK$616 Mil. Therefore, OrbusNeich Medical Group Holdings's pretax margin for the quarter that ended in Jun. 2024 was 26.97%.

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

HKSE:06929' s Pretax Margin % Range Over the Past 10 Years
Min: -1.13 Med: 8.2 Max: 32.25
Current: 28.33

HKSE:06929's Pretax Margin % is ranked better than
92.08% of 821 companies
in the Medical Devices & Instruments industry
Industry Median: -1.1 vs HKSE:06929: 28.33

OrbusNeich Medical Group Holdings Pretax Margin % Historical Data

The historical data trend for OrbusNeich Medical Group Holdings'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.

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OrbusNeich Medical Group Holdings Pretax Margin % Chart

OrbusNeich Medical Group Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Pretax Margin %

7.79

8.20

-1.13

15.93

32.25

OrbusNeich Medical Group Holdings Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Pretax Margin %	Get a 7-Day Free Trial				14.07	17.80	34.43	29.81	26.97

Competitive Comparison of OrbusNeich Medical Group Holdings's Pretax Margin %

For the Medical Instruments & Supplies subindustry, OrbusNeich Medical Group Holdings'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.

OrbusNeich Medical Group Holdings's Pretax Margin % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, OrbusNeich Medical Group Holdings's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where OrbusNeich Medical Group Holdings's Pretax Margin % falls into.

OrbusNeich Medical Group Holdings 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.

OrbusNeich Medical Group Holdings'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 )
	=	387.585	/	1201.655
	=	32.25 %

OrbusNeich Medical Group Holdings's Pretax Margin for the quarter that ended in Jun. 2024 is calculated as

Pretax Margin	=	Pre-Tax Income (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	166.236	/	616.287
	=	26.97 %

OrbusNeich Medical Group Holdings (HKSE:06929) 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.

OrbusNeich Medical Group Holdings Pretax Margin % Related Terms

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OrbusNeich Medical Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » OrbusNeich Medical Group Holdings Ltd (HKSE:06929) » Definitions » Pretax Margin %

Comparable Companies

Traded in Other Exchanges

Q8T:Germany

Address

3rd Floor, Building 20E, Units 303 and 305, Hong Kong Science Park, Shatin New Town, Hong Kong, HKG

Website

https://www.orbusneich.com

OrbusNeich is a China-based global medical device maker of endovascular interventional instruments with global reach. It launched its first research base in 2001 and was listed on the Hong Kong Exchange in 2022. As of 2023, OrbusNeich's largest revenue segment by geography is Japan with 24.7% of total revenue followed by Europe, the Middle East, and Africa, with 23.6% of total revenue. The Asia-Pacific region and the United States make up the balance. Its largest product segment is coronary interventional medical devices, such as scoring balloons, non-compliant balloons, or stents, together representing 82.7% of its total revenue.

Executives

Harmony Tree Limited	2101 Beneficial owner
Shenzhen Capital Group Co., Ltd.	2201 Interest of corporation controlled by you
Suzhou Red Earth Yeju Investment Ltd.	2101 Beneficial owner
Chien David	2201 Interest of corporation controlled by you
Lau Kwai Ching Denise	2201 Interest of corporation controlled by you
Shen Chuang Tou Zhi Zao Ye Zhuan Xing Sheng Ji Xin Cai Liao Ji Jin You Xian He Huo	2201 Interest of corporation controlled by you
Shen Chuang Tou Hong Tu Si Mu Gu Quan Tou Zi Ji Jin Guan Li Shen Zhen You Xian Gong Si	2201 Interest of corporation controlled by you
Su Zhou Hong Tu Ye Ju Chuang Ye Tou Zi He Huo Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you

OrbusNeich Medical Group Holdings Headlines

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