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MGI Tech Co (SHSE:688114) Pretax Margin % : -23.48% (As of Sep. 2024)


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What is MGI Tech Co Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. MGI Tech Co's Pre-Tax Income for the three months ended in Sep. 2024 was ¥-155 Mil. MGI Tech Co's Revenue for the three months ended in Sep. 2024 was ¥660 Mil. Therefore, MGI Tech Co's pretax margin for the quarter that ended in Sep. 2024 was -23.48%.

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

SHSE:688114' s Pretax Margin % Range Over the Past 10 Years
Min: -32.27   Med: 9.77   Max: 59.83
Current: -32.27


SHSE:688114's Pretax Margin % is ranked worse than
67.84% of 821 companies
in the Medical Devices & Instruments industry
Industry Median: 0.22 vs SHSE:688114: -32.27

MGI Tech Co Pretax Margin % Historical Data

The historical data trend for MGI Tech 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.

* Premium members only.

MGI Tech Co Pretax Margin % Chart

MGI Tech Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pretax Margin %
Get a 7-Day Free Trial -12.00 9.99 15.17 59.83 -20.29

MGI Tech Co Quarterly Data
Dec17 Dec18 Dec19 Jun20 Sep20 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -13.20 -58.56 -34.55 -11.63 -23.48

Competitive Comparison of MGI Tech Co's Pretax Margin %

For the Medical Devices subindustry, MGI Tech 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.


MGI Tech Co's Pretax Margin % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, MGI Tech Co's Pretax Margin % distribution charts can be found below:

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



MGI Tech 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.

MGI Tech 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 )
=-590.578/2911.222
=-20.29 %

MGI Tech Co's Pretax Margin for the quarter that ended in Sep. 2024 is calculated as

Pretax Margin=Pre-Tax Income (Q: Sep. 2024 )/Revenue (Q: Sep. 2024 )
=-154.913/659.834
=-23.48 %

* 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.


MGI Tech Co  (SHSE:688114) 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.


MGI Tech Co Pretax Margin % Related Terms

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MGI Tech Co Business Description

Traded in Other Exchanges
N/A
Address
Beishan Industrial Zone, 2nd Floor, Comprehensive Building and Building 11, Yantian District, Guangdong Province, Shenzhen, CHN, 518083
MGI Tech Co Ltd is a producer of clinical high-throughput gene sequencers, and its multi-omics platforms include genetic sequencing, medical imaging, and laboratory automation. It provides real-time, panoramic, and full-life-cycle equipment and systems for precision medicine, precision agriculture, precision healthcare, and other relevant industries.

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