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Joint Stock Commercial Bank for Investment and Development of Vietnam (STC:BID) Pretax Margin % : 41.69% (As of Mar. 2024)


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What is Joint Stock Commercial Bank for Investment and Development of Vietnam Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Joint Stock Commercial Bank for Investment and Development of Vietnam's Pre-Tax Income for the three months ended in Mar. 2024 was ₫7,389,914 Mil. Joint Stock Commercial Bank for Investment and Development of Vietnam's Revenue for the three months ended in Mar. 2024 was ₫17,727,828 Mil. Therefore, Joint Stock Commercial Bank for Investment and Development of Vietnam's pretax margin for the quarter that ended in Mar. 2024 was 41.69%.

The historical rank and industry rank for Joint Stock Commercial Bank for Investment and Development of Vietnam's Pretax Margin % or its related term are showing as below:

STC:BID' s Pretax Margin % Range Over the Past 10 Years
Min: 20.04   Med: 25.99   Max: 39.68
Current: 39.68


STC:BID's Pretax Margin % is ranked better than
65.8% of 1462 companies
in the Banks industry
Industry Median: 32.775 vs STC:BID: 39.68

Joint Stock Commercial Bank for Investment and Development of Vietnam Pretax Margin % Historical Data

The historical data trend for Joint Stock Commercial Bank for Investment and Development of Vietnam'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.

Joint Stock Commercial Bank for Investment and Development of Vietnam Pretax Margin % Chart

Joint Stock Commercial Bank for Investment and Development of Vietnam 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 25.07 20.04 24.05 35.37 39.34

Joint Stock Commercial Bank for Investment and Development of Vietnam 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 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 39.57 38.84 31.64 47.54 41.69

Competitive Comparison of Joint Stock Commercial Bank for Investment and Development of Vietnam's Pretax Margin %

For the Banks - Regional subindustry, Joint Stock Commercial Bank for Investment and Development of Vietnam'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.


Joint Stock Commercial Bank for Investment and Development of Vietnam's Pretax Margin % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Joint Stock Commercial Bank for Investment and Development of Vietnam's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Joint Stock Commercial Bank for Investment and Development of Vietnam's Pretax Margin % falls into.



Joint Stock Commercial Bank for Investment and Development of Vietnam 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.

Joint Stock Commercial Bank for Investment and Development of Vietnam'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 )
=27588904/70137117
=39.34 %

Joint Stock Commercial Bank for Investment and Development of Vietnam'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 )
=7389914/17727828
=41.69 %

* 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.


Joint Stock Commercial Bank for Investment and Development of Vietnam  (STC:BID) 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.


Joint Stock Commercial Bank for Investment and Development of Vietnam Pretax Margin % Related Terms

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Joint Stock Commercial Bank for Investment and Development of Vietnam (STC:BID) Business Description

Traded in Other Exchanges
N/A
Address
BIDV Tower, 35 Hang Voi, Hoan Kiem, Hanoi, VNM
Joint Stock Commercial Bank for Investment and Development of Vietnam is one of the leading commercial banks based in Vietnam. It is a leading provider of products and modern banking services and utilities such as loans, deposits, savings and current account. Its secondary offerings include insurance products of all types such as life and non-life insurance. Its add on services include a variety of brokerage services, investment advice and contribution to established enterprises to invest various projects. The bank's distribution network spans predominantly across Vietnam and a few countries abroad such as Laos, Cambodia, Myanmar, Russia and Czech Republic.