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OKMN (Okmin Resources) Pretax Margin % : -1,512.50% (As of Mar. 2024)


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What is Okmin Resources Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Okmin Resources's Pre-Tax Income for the three months ended in Mar. 2024 was $-0.12 Mil. Okmin Resources's Revenue for the three months ended in Mar. 2024 was $0.01 Mil. Therefore, Okmin Resources's pretax margin for the quarter that ended in Mar. 2024 was -1,512.50%.

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

OKMN' s Pretax Margin % Range Over the Past 10 Years
Min: -604.29   Med: -359.2   Max: -254.35
Current: -604.29


OKMN's Pretax Margin % is ranked worse than
94.24% of 972 companies
in the Oil & Gas industry
Industry Median: 5.81 vs OKMN: -604.29

Okmin Resources Pretax Margin % Historical Data

The historical data trend for Okmin Resources'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.

Okmin Resources Pretax Margin % Chart

Okmin Resources Annual Data
Trend Jun21 Jun22 Jun23
Pretax Margin %
- -254.35 -464.04

Okmin Resources Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -463.33 -612.50 -486.96 -400.00 -1,512.50

Competitive Comparison of Okmin Resources's Pretax Margin %

For the Oil & Gas E&P subindustry, Okmin Resources'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.


Okmin Resources's Pretax Margin % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Okmin Resources's Pretax Margin % distribution charts can be found below:

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



Okmin Resources 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.

Okmin Resources's Pretax Margin for the fiscal year that ended in Jun. 2023 is calculated as

Pretax Margin=Pre-Tax Income (A: Jun. 2023 )/Revenue (A: Jun. 2023 )
=-0.529/0.114
=-464.04 %

Okmin Resources'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 )
=-0.121/0.008
=-1,512.50 %

* 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.


Okmin Resources  (OTCPK:OKMN) 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.


Okmin Resources Pretax Margin % Related Terms

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Okmin Resources Business Description

Traded in Other Exchanges
N/A
Address
16501 Ventura Boulevard, Suite 400, Encino, Los Angeles, CA, USA, 91436
Okmin Resources Inc is a natural resource exploration stage company that seeks to acquire, explore, and develop natural resource assets. It engages in the business of the acquisition, exploration, and development of mineral rights and natural resource assets. The company's projects are located in Oklahoma and Kansas. Its projects comprise Vitt Project Kansas; West Sheppard Pool Field in North East Oklahoma; and Pushmataha in South East Oklahoma.
Executives
Roy Mansano 10 percent owner 5343 OSTROM AVE., ENCINO CA 91316
Thomas Lapinski director 16501 VENTURA BLVD., SUITE 400, ENCINO CA 91436
Jonathan Herzog director, 10 percent owner, officer: President and CEO 16501 VENTURA BLVD., SUITE 400, ENCINO CA 91436

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