Medicine Man Technologies (NEOE:SHWZ) Pretax Margin % : -22.82% (As of Jun. 2024)

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What is Medicine Man Technologies Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Medicine Man Technologies's Pre-Tax Income for the three months ended in Jun. 2024 was C$-13.5 Mil. Medicine Man Technologies's Revenue for the three months ended in Jun. 2024 was C$59.3 Mil. Therefore, Medicine Man Technologies's pretax margin for the quarter that ended in Jun. 2024 was -22.82%.

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

NEOE:SHWZ' s Pretax Margin % Range Over the Past 10 Years
Min: -232.01 Med: -9.65 Max: 19.33
Current: -23.83

NEOE:SHWZ's Pretax Margin % is ranked worse than
79.85% of 670 companies
in the Healthcare Providers & Services industry
Industry Median: 2.83 vs NEOE:SHWZ: -23.83

Medicine Man Technologies Pretax Margin % Historical Data

The historical data trend for Medicine Man Technologies'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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Medicine Man Technologies Pretax Margin % Chart

Medicine Man Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Pretax Margin %

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-165.37

-84.65

17.45

-2.24

-8.59

Medicine Man Technologies Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Pretax Margin %	Get a 7-Day Free Trial															-3.46	10.95	-57.41	-29.01	-22.82

Competitive Comparison of Medicine Man Technologies's Pretax Margin %

For the Pharmaceutical Retailers subindustry, Medicine Man Technologies'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.

Medicine Man Technologies's Pretax Margin % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Medicine Man Technologies's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Medicine Man Technologies's Pretax Margin % falls into.

Medicine Man Technologies 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.

Medicine Man Technologies'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 )
	=	-19.868	/	231.356
	=	-8.59 %

Medicine Man Technologies'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 )
	=	-13.523	/	59.255
	=	-22.82 %

Medicine Man Technologies (NEOE:SHWZ) 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.

Medicine Man Technologies Pretax Margin % Related Terms

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Medicine Man Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Medicine Man Technologies Inc (NEOE:SHWZ) » Definitions » Pretax Margin %

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SHWZ:USA

Address

865 N. Albion Street, Suite 300, Denver, CO, USA, 80220

Website

https://www.schwazze.com

Medicine Man Technologies Inc is a vertically integrated multi-state cannabis operator focused on growth through expansion into existing and new markets. The Company's business involves the cultivation, manufacturing, distribution, and retail sale of cannabis and cannabis-related products. The Company sells products it manufactures and cultivates and a variety of other cannabis goods through wholly-owned retail stores, licensing arrangements, and/or third-party operators and retailers. Its operations are organized into three different segments: Retail, consisting of retail locations for sale of cannabis products; Wholesale, consisting of manufacturing, cultivation, and sale of both wholesale cannabis and non-cannabis products; and Other, consisting of all other income and expenses.