Jiangsu Rainbow Heavy Industries Co (SZSE:002483) Pretax Margin % : 9.30% (As of Mar. 2024)

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What is Jiangsu Rainbow Heavy Industries Co Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Jiangsu Rainbow Heavy Industries Co's Pre-Tax Income for the three months ended in Mar. 2024 was ¥131 Mil. Jiangsu Rainbow Heavy Industries Co's Revenue for the three months ended in Mar. 2024 was ¥1,412 Mil. Therefore, Jiangsu Rainbow Heavy Industries Co's pretax margin for the quarter that ended in Mar. 2024 was 9.30%.

The historical rank and industry rank for Jiangsu Rainbow Heavy Industries Co's Pretax Margin % or its related term are showing as below:

SZSE:002483' s Pretax Margin % Range Over the Past 10 Years
Min: -21.38 Med: 6.66 Max: 10.5
Current: 4.48

SZSE:002483's Pretax Margin % is ranked worse than
59.86% of 2960 companies
in the Industrial Products industry
Industry Median: 6.55 vs SZSE:002483: 4.48

Jiangsu Rainbow Heavy Industries Co Pretax Margin % Historical Data

The historical data trend for Jiangsu Rainbow Heavy Industries 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.

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Jiangsu Rainbow Heavy Industries Co Pretax Margin % Chart

Jiangsu Rainbow Heavy Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Pretax Margin %

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7.02

6.65

10.50

3.65

3.92

Jiangsu Rainbow Heavy Industries Co 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															6.85	9.26	5.93	-3.90	9.30

Competitive Comparison of Jiangsu Rainbow Heavy Industries Co's Pretax Margin %

For the Specialty Industrial Machinery subindustry, Jiangsu Rainbow Heavy Industries 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.

Jiangsu Rainbow Heavy Industries Co's Pretax Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jiangsu Rainbow Heavy Industries Co's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Jiangsu Rainbow Heavy Industries Co's Pretax Margin % falls into.

Jiangsu Rainbow Heavy Industries 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.

Jiangsu Rainbow Heavy Industries 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 )
	=	281.235	/	7182.676
	=	3.92 %

Jiangsu Rainbow Heavy Industries Co'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 )
	=	131.248	/	1411.555
	=	9.30 %

Jiangsu Rainbow Heavy Industries Co (SZSE:002483) 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.

Jiangsu Rainbow Heavy Industries Co Pretax Margin % Related Terms

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Jiangsu Rainbow Heavy Industries Co (SZSE:002483) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Rainbow Heavy Industries Co Ltd (SZSE:002483) » Definitions » Pretax Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.9, Zhenxing West Road, Economic & Technology Development Zone, Natong, CHN, 226010

Website

http://www.jiangsurhi.com

Jiangsu Rainbow Heavy Industries Co Ltd is mainly engaged in the engineering, fabrication, sale, and maintenance of cranes in China. Its major business consists of 2 modules: high-end equipment manufactures and environmental protection. The high-end equipment manufacture module includes material lifting, offshore equipment, and shipbuilding, the products covered all kinds of lifting machinery, ship equipment, marine equipment, car parking equipment, engineering vessels and other related products. The environmental protection module includes industrial wastewater treatment, sludge treatment, hazardous solid waste disposal and other energy saving, recycling economy business.

Executives

Sha Ming Jun	Director
Wu Jian	Directors, executives
Xie Gui Xing	Directors, executives, directors
Sun Jian Cheng	Executives
Li Xiao Qin	Executives
Lin Bo	Executives

Jiangsu Rainbow Heavy Industries Co (SZSE:002483) Headlines

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