Virtus Convertible &ome 2024 Target Term Fund (Virtus Convertible &ome 2024 Target Term Fund) Pretax Margin % : 96.85% (As of Jan. 2023)

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What is Virtus Convertible &ome 2024 Target Term Fund Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Virtus Convertible &ome 2024 Target Term Fund's Pre-Tax Income for the six months ended in Jan. 2023 was $7.77 Mil. Virtus Convertible &ome 2024 Target Term Fund's Revenue for the six months ended in Jan. 2023 was $8.03 Mil. Therefore, Virtus Convertible &ome 2024 Target Term Fund's pretax margin for the quarter that ended in Jan. 2023 was 96.85%.

The historical rank and industry rank for Virtus Convertible &ome 2024 Target Term Fund's Pretax Margin % or its related term are showing as below:

CBH' s Pretax Margin % Range Over the Past 10 Years
Min: 83.58 Med: 95.39 Max: 98.14
Current: 83.58

CBH's Pretax Margin % is ranked worse than
54.2% of 1668 companies
in the Asset Management industry
Industry Median: 89.59 vs CBH: 83.58

Virtus Convertible &ome 2024 Target Term Fund Pretax Margin % Historical Data

The historical data trend for Virtus Convertible &ome 2024 Target Term Fund'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.

Virtus Convertible &ome 2024 Target Term Fund Pretax Margin % Chart

Virtus Convertible &ome 2024 Target Term Fund Annual Data

Trend

Feb19

Feb20

Feb21

Jan23

Jan24

Pretax Margin %

93.96

96.33

98.14

83.58

95.39

Virtus Convertible &ome 2024 Target Term Fund Semi-Annual Data
	Aug17	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Jul22	Jan23	Jan24
Pretax Margin %	Get a 7-Day Free Trial						98.69	88.83	102.95	96.85	-

Competitive Comparison of Virtus Convertible &ome 2024 Target Term Fund's Pretax Margin %

For the Asset Management subindustry, Virtus Convertible &ome 2024 Target Term Fund'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.

Virtus Convertible &ome 2024 Target Term Fund's Pretax Margin % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Virtus Convertible &ome 2024 Target Term Fund's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Virtus Convertible &ome 2024 Target Term Fund's Pretax Margin % falls into.

Virtus Convertible &ome 2024 Target Term Fund 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.

Virtus Convertible &ome 2024 Target Term Fund's Pretax Margin for the fiscal year that ended in Jan. 2024 is calculated as

Pretax Margin	=	Pre-Tax Income (A: Jan. 2024 )	/	Revenue (A: Jan. 2024 )
	=	6.544	/	6.86
	=	95.39 %

Virtus Convertible &ome 2024 Target Term Fund's Pretax Margin for the quarter that ended in Jan. 2023 is calculated as

Pretax Margin	=	Pre-Tax Income (Q: Jan. 2023 )	/	Revenue (Q: Jan. 2023 )
	=	7.774	/	8.027
	=	96.85 %

Virtus Convertible &ome 2024 Target Term Fund (NYSE:CBH) 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.

Virtus Convertible &ome 2024 Target Term Fund Pretax Margin % Related Terms

Thank you for viewing the detailed overview of Virtus Convertible &ome 2024 Target Term Fund's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Virtus Convertible &ome 2024 Target Term Fund (Virtus Convertible &ome 2024 Target Term Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Virtus Convertible & Income 2024 Target Term Fund (NYSE:CBH) » Definitions » Pretax Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 Munson Street, Greenfield, MA, USA, 01301

Website

https://us.allianzgi.com

AllianzGI Convertible & Income 2024 Target Term Fund is a diversified, closed-end management investment company. The fund's investment objectives are to provide a high level of income and to returns. The group invests in various sectors such as Aerospace and Defense, Healthcare-Services, Machinery-Construction and Mining, Pharmaceuticals, Transportation, Textiles, Apparel and Luxury Goods, Diversified Financial Services, Auto Components and others.

Executives

R Keith Walton	director	100 PEARL STREET, HARTFORD CT 06103
Mcdaniel Connie D	director	C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Christine Hurtsellers	other: CEO - Subadviser to the issuer	230 PARK AVENUE, NEW YORK NY 10169
Vincent J Costa	other: CIO-Subadviser to the issuer	800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Paul Zemsky	other: CIO-Subadviser to the issuer	230 PARK AVENUE, NEW YORK NY 10169
Voya Investment Management Co	other: Subadviser to the issuer	10 STATE HOUSE SQUARE, SH12, HARTFORD CT 06103-3602
Philip R Mcloughlin	director	800 SCUDDERS HILL ROAD, PLAINSBORO NJ 08536
Brian T Zino	director	100 PARK AVENUE, NEW YORK NY 10017
Richard W Smirl	officer: EVP	C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, HARTFORD CT 06103
F Ford Drummond	director	100 N BROADWAY, OKLAHOMA CITY OK 73102
Alan Rappaport	director	C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Bradley William Patrick Iii	officer: EVP, CFO and Treasurer	C/O VIRTUS INVESTMENT PARTNERS, INC., 56 PROSPECT STREET, HARTFORD CT 06115
George R Aylward	director, officer: President and CEO	C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Francis G Waltman	officer: EVP	C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Justin Kass	other: Portfolio Manager	1345 AVE OF THE AMERICAS, NEW YORK NY 10105