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RCG (RENN Fund) Pretax Margin % : 93.77% (As of Jun. 2024)


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What is RENN Fund Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. RENN Fund's Pre-Tax Income for the six months ended in Jun. 2024 was $1.88 Mil. RENN Fund's Revenue for the six months ended in Jun. 2024 was $2.01 Mil. Therefore, RENN Fund's pretax margin for the quarter that ended in Jun. 2024 was 93.77%.

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

RCG' s Pretax Margin % Range Over the Past 10 Years
Min: 66.39   Med: 107.8   Max: 195.42
Current: 79.94


RCG's Pretax Margin % is ranked worse than
58.89% of 1642 companies
in the Asset Management industry
Industry Median: 91.43 vs RCG: 79.94

RENN Fund Pretax Margin % Historical Data

The historical data trend for RENN Fund'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.

RENN Fund Pretax Margin % Chart

RENN Fund Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 88.50 193.02 95.81 106.04 145.32

RENN Fund Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 102.79 2.31 -472.73 123.97 93.77

Competitive Comparison of RENN Fund's Pretax Margin %

For the Asset Management subindustry, RENN Fund'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.


RENN Fund's Pretax Margin % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, RENN Fund's Pretax Margin % distribution charts can be found below:

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



RENN Fund 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.

RENN Fund'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 )
=-0.885/-0.609
=145.32 %

RENN Fund'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 )
=1.881/2.006
=93.77 %

* 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.


RENN Fund  (AMEX:RCG) 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.


RENN Fund Pretax Margin % Related Terms

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RENN Fund Business Description

Traded in Other Exchanges
N/A
Address
470 Park Avenue South, New York, NY, USA, 10016
RENN Fund Inc is active in the financial services domain. It is a closed-end management investment company formed to provide return through capital appreciation and income by a long-term, value-oriented investment process that invests in a wide variety of financial instruments, including but not limited to, common stocks, fixed-income securities including convertible and non-convertible debt securities or loans, distressed debt, warrants, and preferred stock, exchange-traded funds and exchange-traded notes, and other instruments. It invests in various industries, including communication services, surgical and medical instruments and apparatus, Oil and Gas, medical chemicals, botanical products, and others.
Executives
Murray Stahl director, officer: President and CEO C/O HORIZON KINETICS LLC, 470 PARK AVE S 8TH FL S, NEW YORK NY 10016
Jay H Kesslen officer: President and CEO C/O HORIZON KINETICS LLC, 470 PARK AVE S, 8TH FL S, NEW YORK NY 10016
Alice C Brennan director C/O RENN FUND, INC., 470 PARK AVE S 8TH FL S, NEW YORK NY 10016
Grimaldi Russell officer: Secretary C/O HORIZON KINETICS LLC, 470 PARK AVE S, 8TH FL S, NEW YORK NY 10016
Alun Williams officer: Treasurer C/O HORIZON KINETICS LLC, 470 PARK AVE S, 8TH FL S, NEW YORK NY 10016
Doug Cohen director HORIZON KINETICS, LLC, 470 PARK AVE S, 4TH FL S, NEW YORK NY 10016
Peter Doyle other: Co-Portfolio Manager 470 PARK AVENUE SOUTH, 8TH FLOOR, NEW YORK NY 10016
Steven Bregman other: Co-Portfolio Manager HORIZON KINETICS LLC, 470 PARK AVENUE SOUTH, 4TH FLOOR SOUTH, NEW YORK NY 10016
Eric Sites director C/O RENN FUND, INC., 470 PARK AVE S 8TH FL S, NEW YORK NY 10016
Herbert M Chain director C/O RENN FUND, INC., 470 PARK AVE S 8TH FL S, NEW YORK NY 10016
J Philip Mccormick director
Pierce Charles C Jr director C/O RENAISSANCE CAPITAL GROUP INC, 8080 N. CENTRAL EXPRESSWAY #210 LB-59, DALLAS TX 75206
Barbara Butschek officer: Secretary and Treasurer
Renn Capital Group, Inc. 10 percent owner 8080 N. CENTRAL EXPRESSWAY, SUITE 210, LB-59, DALLAS TX 75204
Zed Eric Stephens officer: Vice President RENN CAPITAL GROUP, INC., 8080 N. CENTRAL EXPRESSWAY, SUITE 210, DALLAS TX 75206

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