SONG (Music Licensing) Pretax Margin %: -343.41% (As of Jun. 2024)


What is Music Licensing Pretax Margin %?

Music Licensing SONG -60.00% Pretax Margin % is -343.41% as of Jun. 2024.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Music Licensing's Pre-Tax Income for the three months ended in Jun. 2024 was $-25.1 Mil. Music Licensing's Revenue for the three months ended in Jun. 2024 was $7.3 Mil. Therefore, Music Licensing's pretax margin for the quarter that ended in Jun. 2024 was -343.41%.

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


SONG's Pretax Margin % is not ranked *
in the Media - Diversified industry.
Industry Median: 2.01
* Ranked among companies with meaningful Pretax Margin % only.

Music Licensing  (OTCPK:SONG) 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.

Music Licensing Pretax Margin % Related Terms

Music Licensing Pretax Margin % Historical Data

* Premium members only.

The historical data trend for Music Licensing'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.

Music Licensing Pretax Margin % Chart

Music Licensing Annual Data
Trend Dec21 Dec22 Dec23
Pretax Margin %
-1,070.00 0.00 4.37

Music Licensing Quarterly Data
Dec21 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Pretax Margin % Get a 7-Day Free Trial 6.15 -5.55 5.89 -22.67 -343.41

SONG vs NFLX, DIS, LYV: Pretax Margin % Comparison

For the Entertainment subindustry, Music Licensing'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.

Music Licensing Pretax Margin % vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Music Licensing's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Music Licensing's Pretax Margin % falls into.


Music Licensing 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.

Music Licensing'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 )
=46.033/1052.275
=4.37 %

Music Licensing'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 )
=-25.134/7.319
=-343.41 %

* 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.

Frequently Asked Questions Learn more about Pretax Margin % →
What does a Pretax Margin % of -343.41% mean?
Music Licensing (SONG) has a Pretax Margin % of -343.41% as of Jun. 2024. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Music Licensing and its competitors.
Is Music Licensing's Pretax Margin % too high?
Music Licensing's current Pretax Margin % is -343.41%.
How does Music Licensing's Pretax Margin % compare to NFLX and DIS?
Music Licensing's Pretax Margin % of -343.41% can be compared against companies in the Media - Diversified industry. The industry median Pretax Margin % is 2.01. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for a Media - Diversified company?
The median Pretax Margin % among Media - Diversified companies is 2.01, based on 1,023 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Music Licensing and its competitors. For the Media - Diversified industry, the median Pretax Margin % is 2.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Music Licensing's current Pretax Margin % is -343.41%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Music Licensing stock overvalued right now?
Music Licensing (SONG) has a current Pretax Margin % of -343.41%. The current Pretax Margin % is -343.41%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Music Licensing (SONG), the current Pretax Margin % is -343.41% as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Music Licensing Business Description

Address 382 NE 191st Street, Miami, FL, USA, 33179
Music Licensing Inc is an operator of a public performance rights organization. The group is a music performing rights organization that represents songwriters, composers, and music publishers and issues public performance licenses to businesses. Its customers include television and radio stations, internet/streaming services, and mobile technologies, Satellite audio services like XM and Sirius, nightclubs, restaurants, bars, and other venues. The group generates revenue from monthly or annual license fees. The company licenses music to some of the prominent platforms and businesses, including TikTok, iHeartMedia, Triller, Napster, 7Digital, Vevo, & many others.