NVL (Novelis) Pretax Margin %: 5.52% (As of Mar. 2024)

What is Novelis Pretax Margin %?

Novelis NVL Pretax Margin % is 5.52% as of Mar. 2024.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Novelis's Pre-Tax Income for the three months ended in Mar. 2024 was $225.00 Mil. Novelis's Revenue for the three months ended in Mar. 2024 was $4,077.00 Mil. Therefore, Novelis's pretax margin for the quarter that ended in Mar. 2024 was 5.52%.

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

NVL's Pretax Margin % is not ranked ^*
in the Metals & Mining industry.
Industry Median: 4.84
* Ranked among companies with meaningful Pretax Margin % only.

Novelis (NYSE:NVL) 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.

Novelis Pretax Margin % Related Terms

Novelis Pretax Margin % Historical Data

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The historical data trend for Novelis'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.

Novelis Pretax Margin % Chart

Novelis Annual Data

Trend

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar23

Mar24

Pretax Margin %

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2.91

1.18

1.45

4.36

5.05

Novelis Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Mar23	Jun23	Sep23	Dec23	Mar24
Pretax Margin %	Get a 7-Day Free Trial															3.57	5.13	5.06	4.45	5.52

NVL vs : Pretax Margin % Comparison

For the Aluminum subindustry, Novelis'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.

Novelis Pretax Margin % vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Novelis's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Novelis's Pretax Margin % falls into.

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Novelis 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.

Novelis's Pretax Margin for the fiscal year that ended in Mar. 2024 is calculated as

Pretax Margin	=	Pre-Tax Income (A: Mar. 2024 )	/	Revenue (A: Mar. 2024 )
	=	818	/	16210
	=	5.05 %

Novelis's Pretax Margin for the quarter that ended in Mar. 2024 is calculated as

Pretax Margin	=	Pre-Tax Income (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	225	/	4077
	=	5.52 %

Frequently Asked Questions Learn more about Pretax Margin % →

What does a Pretax Margin % of 5.52% mean?

Novelis (NVL) has a Pretax Margin % of 5.52% as of Mar. 2024. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Novelis and its competitors.

Is Novelis' Pretax Margin % too high?

Novelis' current Pretax Margin % is 5.52%. The Metals & Mining industry median Pretax Margin % is 4.84. Novelis' value of 5.52% is 14% above this industry median.

How does Novelis' Pretax Margin % compare to ?

Novelis' Pretax Margin % of 5.52% can be compared against companies in the Metals & Mining industry. The industry median Pretax Margin % is 4.84. Novelis' value of 5.52% is 14% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Pretax Margin % for a Metals & Mining company?

The median Pretax Margin % among Metals & Mining companies is 4.84, based on 842 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Novelis's current Pretax Margin % of 5.52% is 14% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Pretax Margin % mean?

A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Novelis and its competitors. For the Metals & Mining industry, the median Pretax Margin % is 4.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Novelis's current Pretax Margin % is 5.52%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Novelis stock overvalued right now?

Novelis (NVL) has a current Pretax Margin % of 5.52%. The current Pretax Margin % is 5.52% and 14% above the Metals & Mining industry median of 4.84. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Pretax Margin % calculated?

Pretax Margin % is calculated from a company's financial statements. For Novelis (NVL), the current Pretax Margin % is 5.52% as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Novelis Business Description

Industry Basic Materials Metals & Mining

Comparable Companies

Address 3560 Lenox Road, Suite 2000, Atlanta, GA, USA, 30326

Website http://www.novelis.com

Novelis Inc is aluminum rolled product producer, with operations on four continents. It acquires and recycles aluminum and processes it into semifinished coils in various tempers, gauges, and widths. Company has four geographical segment North America, Europe, Asia, and South America. Each segment manufactures aluminum sheet and light gauge products and recycles aluminum, while Asia and Europe segments also produce aerospace and industries.