The historical rank and industry rank for Tri-Continental's Pretax Margin % or its related term are showing as below:
TY'
s Pretax Margin % Range Over the Past 10 Years
Min: 99.34 Med: 99.67 Max: 101.64
Current: 99.7
TY's Pretax Margin % is ranked better than 83.75% of 1643
companies
in the Asset Management industry
Industry Median: 91.36
vs TY: 99.70
Tri-Continental Pretax Margin % Historical Data
The historical data trend for Tri-Continental'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.
Competitive Comparison of Tri-Continental's Pretax Margin %
For the Asset Management subindustry, Tri-Continental'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.
Tri-Continental's Pretax Margin % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Tri-Continental's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Tri-Continental's Pretax Margin % falls into.
Tri-Continental 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.
Tri-Continental's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
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.
Tri-Continental Pretax Margin % Related Terms
Thank you for viewing the detailed overview of Tri-Continental's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Tri-Continental Corp is a United States-based closed-end management investment company. It invests to produce future growth of both capital and income while providing reasonable current income. The fund is divided into two equal segments namely, the equity segment uses quantitative models to select individual stocks whereas the Flexible capital income segment invests across a company's investable capital structure, including stocks, bonds, and convertible securities. The Fund invests in a range of sectors, which include consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, industrials, materials, real estate, telecommunication services, utilities, aerospace and defense, banking, chemicals, and others.
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