SLGWQ (SLANG Worldwide) Pretax Margin % : -181.50% (As of Jun. 2024)

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What is SLANG Worldwide Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. SLANG Worldwide's Pre-Tax Income for the three months ended in Jun. 2024 was $-8.32 Mil. SLANG Worldwide's Revenue for the three months ended in Jun. 2024 was $4.58 Mil. Therefore, SLANG Worldwide's pretax margin for the quarter that ended in Jun. 2024 was -181.50%.

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

SLGWQ' s Pretax Margin % Range Over the Past 10 Years
Min: -803.15 Med: -107.22 Max: -49.79
Current: -103.81

SLGWQ's Pretax Margin % is not ranked
in the Drug Manufacturers industry.
Industry Median: 5.7 vs SLGWQ: -103.81

SLANG Worldwide Pretax Margin % Historical Data

The historical data trend for SLANG Worldwide'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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SLANG Worldwide Pretax Margin % Chart

SLANG Worldwide Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Pretax Margin %

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-803.16

-64.51

-137.29

-77.14

-49.79

SLANG Worldwide Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Pretax Margin %	Get a 7-Day Free Trial															-49.24	-50.80	-120.87	-85.21	-181.50

Competitive Comparison of SLANG Worldwide's Pretax Margin %

For the Drug Manufacturers - Specialty & Generic subindustry, SLANG Worldwide'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.

SLANG Worldwide's Pretax Margin % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, SLANG Worldwide's Pretax Margin % distribution charts can be found below:

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

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SLANG Worldwide 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.

SLANG Worldwide'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 )
	=	-13.243	/	26.597
	=	-49.79 %

SLANG Worldwide'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 )
	=	-8.32	/	4.584
	=	-181.50 %

SLANG Worldwide (OTCPK:SLGWQ) 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.

SLANG Worldwide Pretax Margin % Related Terms

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SLANG Worldwide Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » SLANG Worldwide Inc (OTCPK:SLGWQ) » Definitions » Pretax Margin %

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Address

50 Carroll Street, Toronto, ON, CAN, M4M 3G3

Website

https://www.slangww.com

SLANG Worldwide Inc is a cannabis-focused consumer packaged goods company. It is focused on acquiring and developing regional brands, as well as creating new brands to meet the needs of cannabis consumers. It operates in two reportable segments Core Markets, and Emerging Markets, and the majority of its revenue comes from the Core Market. Geographically it operates in Canada and the U.S. It derives the majority of its revenue from the U.S. Its brand portfolio involves, Firefly, O.pen, and Alchemy Naturals.