Canso Select Opportunities Fund (TSX:SCW.UN) Pretax Margin %: 36.86% (As of Jun. 2018)


What is Canso Select Opportunities Fund Pretax Margin %?

Canso Select Opportunities Fund TSX:SCW.UN Pretax Margin % is 36.86% as of Jun. 2018.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Canso Select Opportunities Fund's Pre-Tax Income for the six months ended in Jun. 2018 was C$0.24 Mil. Canso Select Opportunities Fund's Revenue for the six months ended in Jun. 2018 was C$0.64 Mil. Therefore, Canso Select Opportunities Fund's pretax margin for the quarter that ended in Jun. 2018 was 36.86%.

The historical rank and industry rank for Canso Select Opportunities Fund's Pretax Margin % or its related term are showing as below:


TSX:SCW.UN's Pretax Margin % is not ranked *
in the Asset Management industry.
Industry Median: 89.735
* Ranked among companies with meaningful Pretax Margin % only.

Canso Select Opportunities Fund  (TSX:SCW.UN) 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.

Canso Select Opportunities Fund Pretax Margin % Related Terms

Canso Select Opportunities Fund Pretax Margin % Historical Data

* Premium members only.

The historical data trend for Canso Select Opportunities Fund'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.

Canso Select Opportunities Fund Pretax Margin % Chart

Canso Select Opportunities Fund Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17
Pretax Margin %
88.26 69.52 190.81 45.45 83.81

Canso Select Opportunities Fund Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only 115.51 93.96 80.81 86.88 36.86

Canso Select Opportunities Fund Pretax Margin % Competitor Comparison

For the Asset Management subindustry, Canso Select Opportunities Fund'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.

Canso Select Opportunities Fund Pretax Margin % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Canso Select Opportunities Fund's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Canso Select Opportunities Fund's Pretax Margin % falls into.


Canso Select Opportunities Fund 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.

Canso Select Opportunities Fund's Pretax Margin for the fiscal year that ended in Dec. 2017 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2017 )/Revenue (A: Dec. 2017 )
=7.3/8.71
=83.81 %

Canso Select Opportunities Fund's Pretax Margin for the quarter that ended in Jun. 2018 is calculated as

Pretax Margin=Pre-Tax Income (Q: Jun. 2018 )/Revenue (Q: Jun. 2018 )
=0.237/0.643
=36.86 %

* 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 36.86% mean?
Canso Select Opportunities Fund (TSX:SCW.UN) has a Pretax Margin % of 36.86% as of Jun. 2018. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Canso Select Opportunities Fund and its competitors.
Is Canso Select Opportunities Fund's Pretax Margin % too high?
Canso Select Opportunities Fund's current Pretax Margin % is 36.86%. The Asset Management industry median Pretax Margin % is 89.74. Canso Select Opportunities Fund's value of 36.86% is 58.9% below this industry median.
How does Canso Select Opportunities Fund's Pretax Margin % compare to competitors?
Canso Select Opportunities Fund's Pretax Margin % of 36.86% can be compared against companies in the Asset Management industry. The industry median Pretax Margin % is 89.74. Canso Select Opportunities Fund's value of 36.86% is 58.9% below this benchmark. 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 an Asset Management company?
The median Pretax Margin % among Asset Management companies is 89.74, based on 1,572 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. Canso Select Opportunities Fund's current Pretax Margin % of 36.86% is 58.9% below the industry median. 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 Canso Select Opportunities Fund and its competitors. For the Asset Management industry, the median Pretax Margin % is 89.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canso Select Opportunities Fund's current Pretax Margin % is 36.86%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canso Select Opportunities Fund stock overvalued right now?
Canso Select Opportunities Fund (TSX:SCW.UN) has a current Pretax Margin % of 36.86%. The current Pretax Margin % is 36.86% and 58.9% below the Asset Management industry median of 89.74. 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 Canso Select Opportunities Fund (TSX:SCW.UN), the current Pretax Margin % is 36.86% as of Jun. 2018. 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.

Canso Select Opportunities Fund Business Description

Address 4000 - 3080 Yonge Street, Toronto, ON, CAN, M4N 3N1
Canso Select Opportunities Fund is a Canadian closed-end investment fund which seeks to maximize total returns for unitholders and provide attractive monthly cash distributions. The fund invests in an actively managed and diversified portfolio of corporate bonds and equities. The revenue generated by the company includes interest, dividend, accrued interest, income on investment and other income.