The historical rank and industry rank for Ovation Science's Pretax Margin % or its related term are showing as below:
XCNQ:OVAT'
s Pretax Margin % Range Over the Past 10 Years
Min: -1349.18 Med: -552.27 Max: -158
Current: -1349.18
XCNQ:OVAT's Pretax Margin % is ranked worse than 95.88% of 1019
companies
in the Drug Manufacturers industry
Industry Median: 4.04
vs XCNQ:OVAT: -1349.18
Ovation Science Pretax Margin % Historical Data
The historical data trend for Ovation Science'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 Ovation Science's Pretax Margin %
For the Drug Manufacturers - Specialty & Generic subindustry, Ovation Science'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.
Ovation Science's Pretax Margin % Distribution in the Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Ovation Science's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Ovation Science's Pretax Margin % falls into.
Ovation Science 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.
Ovation Science'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.
Ovation Science Pretax Margin % Related Terms
Thank you for viewing the detailed overview of Ovation Science's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Ovation Science Inc is a Canada-based company mainly engaged in the business of sub-licensing rights to use Invisicare, a patented drug delivery technology used in topical and transdermal skin products containing hemp seed oil and cannabis products. The company also holds the right to manufacture, distribute, sell, market, sub-license and promote products formulated with Invisicare and containing cannabis products including cannabinoids, hemp seed oil and any synthetic derivatives of cannabis. It also develops formulas for skin product lines including topical and transdermal creams and lotions containing hemp seed oil and cannabis.
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