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China National Accord Medicines (SZSE:000028) Pretax Margin %

: 3.46% (As of Dec. 2023)
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Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. China National Accord Medicines's Pre-Tax Income for the three months ended in Dec. 2023 was ¥653 Mil. China National Accord Medicines's Revenue for the three months ended in Dec. 2023 was ¥18,892 Mil. Therefore, China National Accord Medicines's pretax margin for the quarter that ended in Dec. 2023 was 3.46%.

The historical rank and industry rank for China National Accord Medicines's Pretax Margin % or its related term are showing as below:

SZSE:000028' s Pretax Margin % Range Over the Past 10 Years
Min: 2.89   Med: 3.49   Max: 3.89
Current: 3.28


SZSE:000028's Pretax Margin % is ranked better than
61.22% of 98 companies
in the Medical Distribution industry
Industry Median: 1.95 vs SZSE:000028: 3.28

China National Accord Medicines Pretax Margin % Historical Data

The historical data trend for China National Accord Medicines'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.

China National Accord Medicines Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pretax Margin %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.51 3.62 2.89 3.15 3.28

China National Accord Medicines Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Pretax Margin % 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 Premium Member Only Premium Member Only Premium Member Only 3.94 3.10 3.62 2.91 3.46

Competitive Comparison

For the Medical Distribution subindustry, China National Accord Medicines'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.


China National Accord Medicines Pretax Margin % Distribution

For the Medical Distribution industry and Healthcare sector, China National Accord Medicines's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where China National Accord Medicines's Pretax Margin % falls into.



China National Accord Medicines 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.

China National Accord Medicines'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 )
=2473.227/75477.485
=3.28 %

China National Accord Medicines's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as

Pretax Margin=Pre-Tax Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=652.774/18891.62
=3.46 %

* 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.


China National Accord Medicines  (SZSE:000028) 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.


China National Accord Medicines Pretax Margin % Related Terms

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China National Accord Medicines (SZSE:000028) Business Description

Traded in Other Exchanges
Address
No. 15, Ba Gua Si 4th Road, Accord Pharmaceutical Building, Futian District, Guangdong Province, Shenzhen, CHN, 518029
China National Accord Medicines Corp Ltd develops and manufactures pharmaceuticals in China. The company engaged in the wholesale of Chinese patent drugs, traditional Chinese medicines, chemical medicine preparations, antibiotics, biochemical drugs and cerebrovascular system drugs. It operates through the following segments: The Head office segment engages in investing and managing the business; The Pharmaceutical Distribution segment engages in the distribution of medicine and pharmaceutical products to customers, including hospitals, other distributors, retail drug stores, and clinics, and Retail pharmacy segment, which is managing the operation of Guoda Pharmacy. It generates maximum revenue from the Pharmaceutical Distribution segment.

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