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Sparebanken Vest AS (LTS:0G67) Pretax Margin % : 81.37% (As of Sep. 2024)


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What is Sparebanken Vest AS Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Sparebanken Vest AS's Pre-Tax Income for the three months ended in Sep. 2024 was kr1,585 Mil. Sparebanken Vest AS's Revenue for the three months ended in Sep. 2024 was kr1,948 Mil. Therefore, Sparebanken Vest AS's pretax margin for the quarter that ended in Sep. 2024 was 81.37%.

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

LTS:0G67' s Pretax Margin % Range Over the Past 10 Years
Min: 47.28   Med: 63.12   Max: 77.57
Current: 77.57


LTS:0G67's Pretax Margin % is ranked better than
98.57% of 1534 companies
in the Banks industry
Industry Median: 31.72 vs LTS:0G67: 77.57

Sparebanken Vest AS Pretax Margin % Historical Data

The historical data trend for Sparebanken Vest AS'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.

Sparebanken Vest AS Pretax Margin % Chart

Sparebanken Vest AS 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 66.96 63.87 73.09 70.18 72.64

Sparebanken Vest AS Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 72.77 77.11 73.58 77.67 81.37

Competitive Comparison of Sparebanken Vest AS's Pretax Margin %

For the Banks - Regional subindustry, Sparebanken Vest AS'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.


Sparebanken Vest AS's Pretax Margin % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Sparebanken Vest AS's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Sparebanken Vest AS's Pretax Margin % falls into.



Sparebanken Vest AS 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.

Sparebanken Vest AS'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 )
=4418/6082
=72.64 %

Sparebanken Vest AS'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 )
=1585/1948
=81.37 %

* 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.


Sparebanken Vest AS  (LTS:0G67) 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.


Sparebanken Vest AS Pretax Margin % Related Terms

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Sparebanken Vest AS Business Description

Traded in Other Exchanges
Address
Jonsvollsgaten 2, Bergen, NOR, NO-5011
Sparebanken Vest AS is a financial services company engaged in providing banking and financial services to private and corporate sectors. The company's operating segments are the Corporate Market (CM), the Retail Market (RM), Bulder Bank, Treasury, and Estate Agency activities in which its Retail market segment generates the majority of its revenue.

Sparebanken Vest AS Headlines

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