Nexteer Automotive Group (Nexteer Automotive Group) Pretax Margin % : 0.88% (As of Dec. 2023)

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What is Nexteer Automotive Group Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Nexteer Automotive Group's Pre-Tax Income for the six months ended in Dec. 2023 was $18 Mil. Nexteer Automotive Group's Revenue for the six months ended in Dec. 2023 was $2,105 Mil. Therefore, Nexteer Automotive Group's pretax margin for the quarter that ended in Dec. 2023 was 0.88%.

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

NTXVF' s Pretax Margin % Range Over the Past 10 Years
Min: 1.53 Med: 7.3 Max: 10.49
Current: 1.53

NTXVF's Pretax Margin % is ranked worse than
69.63% of 1284 companies
in the Vehicles & Parts industry
Industry Median: 4.435 vs NTXVF: 1.53

Nexteer Automotive Group Pretax Margin % Historical Data

The historical data trend for Nexteer Automotive Group'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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Nexteer Automotive Group Pretax Margin % Chart

Nexteer Automotive Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Pretax Margin %

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7.38

3.77

3.39

2.39

1.53

Nexteer Automotive Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Pretax Margin %	Get a 7-Day Free Trial															1.29	1.16	3.48	2.18	0.88

Competitive Comparison of Nexteer Automotive Group's Pretax Margin %

For the Auto Parts subindustry, Nexteer Automotive Group'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.

Nexteer Automotive Group's Pretax Margin % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Nexteer Automotive Group's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Nexteer Automotive Group's Pretax Margin % falls into.

Nexteer Automotive Group 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.

Nexteer Automotive Group'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 )
	=	64.227	/	4206.793
	=	1.53 %

Nexteer Automotive Group'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 )
	=	18.428	/	2104.963
	=	0.88 %

Nexteer Automotive Group (OTCPK:NTXVF) 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.

Nexteer Automotive Group Pretax Margin % Related Terms

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Nexteer Automotive Group (Nexteer Automotive Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nexteer Automotive Group Ltd (OTCPK:NTXVF) » Definitions » Pretax Margin %

Comparable Companies

Traded in Other Exchanges

01316:Hong Kong

Address

1272 Doris Road, Auburn Hills, MI, USA, 48326

Website

https://www.nexteer.com

Nexteer Automotive Group Ltd offers advanced steering and driveline systems. The company's customers are well-known automakers like BMW, Fiat Chrysler, Ford, GM, and Toyota, as well as automakers in India, South America, and China. The business units are electric power steering, hydraulic power steering, steering columns, driveline, and half shafts. The electric power steering includes columns, an intermediate shaft, and steering gear, EPS motors, sensors, controllers, and assist mechanisms. The Group classifies its businesses into three reportable segments: North America, Asia Pacific, and Europe, Middle East, Africa and South America (EMEASA). All of the Group's operating segments typically offer the same steering and driveline products, the majority are derived from North America.