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Simply Solventless Concentrates (TSXV:HASH) Pretax Margin % : 21.89% (As of Mar. 2024)


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What is Simply Solventless Concentrates Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Simply Solventless Concentrates's Pre-Tax Income for the three months ended in Mar. 2024 was C$0.50 Mil. Simply Solventless Concentrates's Revenue for the three months ended in Mar. 2024 was C$2.30 Mil. Therefore, Simply Solventless Concentrates's pretax margin for the quarter that ended in Mar. 2024 was 21.89%.

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

TSXV:HASH' s Pretax Margin % Range Over the Past 10 Years
Min: -191.37   Med: -60.16   Max: 22.37
Current: 22.37


TSXV:HASH's Pretax Margin % is ranked better than
86.27% of 1020 companies
in the Drug Manufacturers industry
Industry Median: 4.12 vs TSXV:HASH: 22.37

Simply Solventless Concentrates Pretax Margin % Historical Data

The historical data trend for Simply Solventless Concentrates'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.

Simply Solventless Concentrates Pretax Margin % Chart

Simply Solventless Concentrates Annual Data
Trend Dec21 Dec22 Dec23
Pretax Margin %
-191.37 -60.16 16.81

Simply Solventless Concentrates Quarterly Data
Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Pretax Margin % Get a 7-Day Free Trial Premium Member Only 42.40 6.17 1.62 84.55 21.89

Competitive Comparison of Simply Solventless Concentrates's Pretax Margin %

For the Drug Manufacturers - Specialty & Generic subindustry, Simply Solventless Concentrates'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.


Simply Solventless Concentrates's Pretax Margin % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Simply Solventless Concentrates's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Simply Solventless Concentrates's Pretax Margin % falls into.



Simply Solventless Concentrates 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.

Simply Solventless Concentrates'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 )
=1.041/6.192
=16.81 %

Simply Solventless Concentrates'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 )
=0.503/2.298
=21.89 %

* 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.


Simply Solventless Concentrates  (TSXV:HASH) 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.


Simply Solventless Concentrates Pretax Margin % Related Terms

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Simply Solventless Concentrates (TSXV:HASH) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
273209 Range Road 20, Rocky View County, AB, CAN, T4B 4P2
Simply Solventless Concentrates Ltd is a company that provides pure, potent, terpene-rich solvent less concentrates to discerning cannabis consumers.
Executives
William Colin Macdonald 10% Security Holder, Director
Jeffrey Philip James Swainson 10% Security Holder, Director, Senior Officer

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