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Vencanna Ventures (XCNQ:VENI) Pretax Margin % : -76.22% (As of Jul. 2024)


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What is Vencanna Ventures Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Vencanna Ventures's Pre-Tax Income for the three months ended in Jul. 2024 was C$-1.31 Mil. Vencanna Ventures's Revenue for the three months ended in Jul. 2024 was C$1.72 Mil. Therefore, Vencanna Ventures's pretax margin for the quarter that ended in Jul. 2024 was -76.22%.

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

XCNQ:VENI' s Pretax Margin % Range Over the Past 10 Years
Min: -119.83   Med: 0   Max: 0
Current: -119.83


XCNQ:VENI's Pretax Margin % is ranked worse than
88.74% of 995 companies
in the Drug Manufacturers industry
Industry Median: 5.23 vs XCNQ:VENI: -119.83

Vencanna Ventures Pretax Margin % Historical Data

The historical data trend for Vencanna Ventures'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.

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Vencanna Ventures Pretax Margin % Chart

Vencanna Ventures Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Pretax Margin %
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Vencanna Ventures Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 - - - - -76.22

Competitive Comparison of Vencanna Ventures's Pretax Margin %

For the Drug Manufacturers - Specialty & Generic subindustry, Vencanna Ventures'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.


Vencanna Ventures's Pretax Margin % Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Vencanna Ventures's Pretax Margin % falls into.



Vencanna Ventures 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.

Vencanna Ventures's Pretax Margin for the fiscal year that ended in Apr. 2024 is calculated as

Pretax Margin=Pre-Tax Income (A: Apr. 2024 )/Revenue (A: Apr. 2024 )
=-0.952/0
= %

Vencanna Ventures's Pretax Margin for the quarter that ended in Jul. 2024 is calculated as

Pretax Margin=Pre-Tax Income (Q: Jul. 2024 )/Revenue (Q: Jul. 2024 )
=-1.311/1.72
=-76.22 %

* 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.


Vencanna Ventures  (XCNQ:VENI) 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.


Vencanna Ventures Pretax Margin % Related Terms

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Vencanna Ventures Business Description

Traded in Other Exchanges
N/A
Address
622 5th Avenue S.W, Suite 200, Calgary, AB, CAN, T2P 0M6
Vencanna Ventures Inc aims to provide investors with a diversified, high-growth, cannabis investment strategy through strategic investments and acquisitions focused throughout the value chain (cultivation, processing, and distribution, including ancillary businesses.
Executives
Jonathan Robert Sharun Senior Officer
William Scott Mcgregor Director
David Gordon Mcgorman Senior Officer

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