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Al-Takaful Palestinian Insurance (XPAE:TIC) Pretax Margin % : 3.20% (As of Sep. 2024)


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What is Al-Takaful Palestinian Insurance Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Al-Takaful Palestinian Insurance's Pre-Tax Income for the three months ended in Sep. 2024 was $0.51 Mil. Al-Takaful Palestinian Insurance's Revenue for the three months ended in Sep. 2024 was $15.89 Mil. Therefore, Al-Takaful Palestinian Insurance's pretax margin for the quarter that ended in Sep. 2024 was 3.20%.

The historical rank and industry rank for Al-Takaful Palestinian Insurance's Pretax Margin % or its related term are showing as below:

XPAE:TIC' s Pretax Margin % Range Over the Past 10 Years
Min: 4.6   Med: 7.38   Max: 12.97
Current: 6.56


XPAE:TIC's Pretax Margin % is ranked worse than
70.39% of 483 companies
in the Insurance industry
Industry Median: 10.66 vs XPAE:TIC: 6.56

Al-Takaful Palestinian Insurance Pretax Margin % Historical Data

The historical data trend for Al-Takaful Palestinian Insurance'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.

Al-Takaful Palestinian Insurance Pretax Margin % Chart

Al-Takaful Palestinian Insurance Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.05 7.36 5.96 5.96 5.93

Al-Takaful Palestinian Insurance Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 1.05 54.71 2.24 10.56 3.20

Competitive Comparison of Al-Takaful Palestinian Insurance's Pretax Margin %

For the Insurance - Diversified subindustry, Al-Takaful Palestinian Insurance'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.


Al-Takaful Palestinian Insurance's Pretax Margin % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Al-Takaful Palestinian Insurance's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Al-Takaful Palestinian Insurance's Pretax Margin % falls into.



Al-Takaful Palestinian Insurance 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.

Al-Takaful Palestinian Insurance'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 )
=3.159/53.277
=5.93 %

Al-Takaful Palestinian Insurance's Pretax Margin for the quarter that ended in Sep. 2024 is calculated as

Pretax Margin=Pre-Tax Income (Q: Sep. 2024 )/Revenue (Q: Sep. 2024 )
=0.508/15.887
=3.20 %

* 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.


Al-Takaful Palestinian Insurance  (XPAE:TIC) 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.


Al-Takaful Palestinian Insurance Pretax Margin % Related Terms

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Al-Takaful Palestinian Insurance Business Description

Traded in Other Exchanges
N/A
Address
Abraj House, 2nd floor, Box: 1444, Ein Munjed, Ramallah, PSE
Al-Takaful Palestinian Insurance is a Palestine-based company that is engaged in providing multiple insurance programs and services that is compliant with Shariah. The company provides Medical insurance, which provides insurance for general and physician doctors, pharmacies, laboratories, and X-rays; Motor insurance, which provides insurance for theft, collision, and fire; Family insurance, which provides insurance for natural death, accidental death, and other; and General insurance. The company sells its insurance via branches, offices, and authorized dealers.

Al-Takaful Palestinian Insurance Headlines

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