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Woori Financial Group (Woori Financial Group) Pretax Margin % : 4.05% (As of Dec. 2023)


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What is Woori Financial Group Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Woori Financial Group's Pre-Tax Income for the three months ended in Dec. 2023 was $94 Mil. Woori Financial Group's Revenue for the three months ended in Dec. 2023 was $2,310 Mil. Therefore, Woori Financial Group's pretax margin for the quarter that ended in Dec. 2023 was 4.05%.

The historical rank and industry rank for Woori Financial Group's Pretax Margin % or its related term are showing as below:

WF' s Pretax Margin % Range Over the Past 10 Years
Min: 24.84   Med: 32.49   Max: 39.79
Current: 29.81


WF's Pretax Margin % is ranked worse than
57.23% of 1459 companies
in the Banks industry
Industry Median: 32.77 vs WF: 29.81

Woori Financial Group Pretax Margin % Historical Data

The historical data trend for Woori Financial Group'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.

Woori Financial Group Pretax Margin % Chart

Woori Financial Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pretax Margin %
Get a 7-Day Free Trial 35.17 25.91 38.42 39.79 29.81

Woori Financial Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.95 42.73 30.38 42.64 4.05

Competitive Comparison of Woori Financial Group's Pretax Margin %

For the Banks - Regional subindustry, Woori Financial Group'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.


Woori Financial Group's Pretax Margin % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Woori Financial Group's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Woori Financial Group's Pretax Margin % falls into.



Woori Financial Group 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.

Woori Financial Group'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 )
=2696.617/9046.501
=29.81 %

Woori Financial Group's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as

Pretax Margin=Pre-Tax Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=93.638/2309.793
=4.05 %

* 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.


Woori Financial Group  (NYSE:WF) 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.


Woori Financial Group Pretax Margin % Related Terms

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Woori Financial Group (Woori Financial Group) Business Description

Traded in Other Exchanges
Address
51, Sogong-ro, Jung-gu, Seoul, KOR, 04632
Woori is one of Korea's four largest commercial banking groups. It was formed in 2001 through the merger of several financially troubled banks affected by the Asian financial crisis and became temporarily 100% government-owned after a bailout. It had been the largest banking group by assets but is now number four after the government required the sale of a number of subsidiaries in 2014 in an effort to recoup taxpayer money. The government has completed the process of fully divesting itself of Woori, with Korea Deposit Insurance selling its final 1.2% stake in late 2023.

Woori Financial Group (Woori Financial Group) Headlines

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