PetroChina Co (PetroChina Co) Pretax Margin % : 8.13% (As of Mar. 2024)

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What is PetroChina Co Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. PetroChina Co's Pre-Tax Income for the three months ended in Mar. 2024 was $9,175 Mil. PetroChina Co's Revenue for the three months ended in Mar. 2024 was $112,780 Mil. Therefore, PetroChina Co's pretax margin for the quarter that ended in Mar. 2024 was 8.13%.

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

PTRCY' s Pretax Margin % Range Over the Past 10 Years
Min: 2.63 Med: 4.51 Max: 7.89
Current: 7.8

PTRCY's Pretax Margin % is ranked better than
54.49% of 980 companies
in the Oil & Gas industry
Industry Median: 6.445 vs PTRCY: 7.80

PetroChina Co Pretax Margin % Historical Data

The historical data trend for PetroChina Co'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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PetroChina Co Pretax Margin % Chart

PetroChina Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Pretax Margin %

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4.10

2.90

6.05

6.58

7.89

PetroChina Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Pretax Margin %	Get a 7-Day Free Trial															8.54	7.92	8.38	6.65	8.13

Competitive Comparison of PetroChina Co's Pretax Margin %

For the Oil & Gas Integrated subindustry, PetroChina Co'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.

PetroChina Co's Pretax Margin % Distribution in the Oil & Gas Industry

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

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

PetroChina Co 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.

PetroChina Co'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 )
	=	33256.491	/	421698.552
	=	7.89 %

PetroChina Co'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 )
	=	9174.616	/	112779.838
	=	8.13 %

PetroChina Co (OTCPK:PTRCY) 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.

PetroChina Co Pretax Margin % Related Terms

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PetroChina Co (PetroChina Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PetroChina Co Ltd (OTCPK:PTRCY) » Definitions » Pretax Margin %

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PCCYF:USA 00857:Hong Kong PC6:Germany 601857:China

Address

No. 9 Dongzhimen North Street, Dongcheng District, Beijing, CHN, 100007

Website

http://www.petrochina.com.cn

PetroChina, the national champion that inherited the majority of Chinese onshore oil and gas assets, has developed into an international supermajor. In 2022, it produced more than 1.6 billion barrels of oil equivalent of oil and gas, and had more than 1.4 billion barrels of annual crude oil primary distillation capacity and more than 22,000 service stations. The fluctuations in the prices of crude oil, refined products, chemical products, and natural gas have a significant impact on PetroChina's revenue. State-owned China National Petroleum Corp is PetroChina's controlling shareholder with a stake of more than 80%.