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Shiny Health & Wellness (TSXV:SNYB) Pretax Margin % : -139.41% (As of Oct. 2023)


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What is Shiny Health & Wellness Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Shiny Health & Wellness's Pre-Tax Income for the three months ended in Oct. 2023 was C$-5.96 Mil. Shiny Health & Wellness's Revenue for the three months ended in Oct. 2023 was C$4.28 Mil. Therefore, Shiny Health & Wellness's pretax margin for the quarter that ended in Oct. 2023 was -139.41%.

The historical rank and industry rank for Shiny Health & Wellness's Pretax Margin % or its related term are showing as below:

TSXV:SNYB' s Pretax Margin % Range Over the Past 10 Years
Min: -76.88   Med: -35.91   Max: -27.92
Current: -76.88


TSXV:SNYB's Pretax Margin % is ranked worse than
86.46% of 650 companies
in the Healthcare Providers & Services industry
Industry Median: 2.52 vs TSXV:SNYB: -76.88

Shiny Health & Wellness Pretax Margin % Historical Data

The historical data trend for Shiny Health & Wellness'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.

Shiny Health & Wellness Pretax Margin % Chart

Shiny Health & Wellness Annual Data
Trend Jan22 Jan23
Pretax Margin %
-27.92 -43.90

Shiny Health & Wellness Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -23.53 -134.22 -15.51 -33.96 -139.41

Competitive Comparison of Shiny Health & Wellness's Pretax Margin %

For the Pharmaceutical Retailers subindustry, Shiny Health & Wellness'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.


Shiny Health & Wellness's Pretax Margin % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Shiny Health & Wellness's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Shiny Health & Wellness's Pretax Margin % falls into.



Shiny Health & Wellness 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.

Shiny Health & Wellness's Pretax Margin for the fiscal year that ended in Jan. 2023 is calculated as

Pretax Margin=Pre-Tax Income (A: Jan. 2023 )/Revenue (A: Jan. 2023 )
=-12.998/29.606
=-43.90 %

Shiny Health & Wellness's Pretax Margin for the quarter that ended in Oct. 2023 is calculated as

Pretax Margin=Pre-Tax Income (Q: Oct. 2023 )/Revenue (Q: Oct. 2023 )
=-5.964/4.278
=-139.41 %

* 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.


Shiny Health & Wellness  (TSXV:SNYB) 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.


Shiny Health & Wellness Pretax Margin % Related Terms

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Shiny Health & Wellness (TSXV:SNYB) Business Description

Traded in Other Exchanges
N/A
Address
22 Frederick Street, Suite 700, Kitchener, ON, CAN, N2H 6M6
Shiny Health & Wellness Corp is on a mission to help people never settle, live fully by being a trusted source for health and wellness solutions and services. The company broadened its retail growth strategy beyond adult-use cannabis by establishing mihi Health & Wellness, a new line of business focused on building a network of community pharmacies across Ontario. It also operates ShinyBud Cannabis Co., a well-established brand in Ontario strategically located in markets less saturated with cannabis retailers.

Shiny Health & Wellness (TSXV:SNYB) Headlines

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