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Avanza Bank Holding AB (CHIX:AZAS) Pretax Margin % : 67.26% (As of Mar. 2024)


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What is Avanza Bank Holding AB Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Avanza Bank Holding AB's Pre-Tax Income for the three months ended in Mar. 2024 was kr647 Mil. Avanza Bank Holding AB's Revenue for the three months ended in Mar. 2024 was kr962 Mil. Therefore, Avanza Bank Holding AB's pretax margin for the quarter that ended in Mar. 2024 was 67.26%.

The historical rank and industry rank for Avanza Bank Holding AB's Pretax Margin % or its related term are showing as below:

CHIX:AZAs' s Pretax Margin % Range Over the Past 10 Years
Min: 39.89   Med: 52.12   Max: 73.83
Current: 67.01


CHIX:AZAs's Pretax Margin % is ranked better than
95.61% of 1459 companies
in the Banks industry
Industry Median: 32.87 vs CHIX:AZAs: 67.01

Avanza Bank Holding AB Pretax Margin % Historical Data

The historical data trend for Avanza Bank Holding AB'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.

Avanza Bank Holding AB Pretax Margin % Chart

Avanza Bank Holding AB 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 43.55 67.09 73.83 65.28 66.67

Avanza Bank Holding AB Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 65.72 64.62 67.98 68.12 67.26

Competitive Comparison of Avanza Bank Holding AB's Pretax Margin %

For the Banks - Regional subindustry, Avanza Bank Holding AB'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.


Avanza Bank Holding AB's Pretax Margin % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Avanza Bank Holding AB's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Avanza Bank Holding AB's Pretax Margin % falls into.



Avanza Bank Holding AB 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.

Avanza Bank Holding AB'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 )
=2292/3438
=66.67 %

Avanza Bank Holding AB's Pretax Margin for the quarter that ended in Mar. 2024 is calculated as

Pretax Margin=Pre-Tax Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=647/962
=67.26 %

* 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.


Avanza Bank Holding AB  (CHIX:AZAs) 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.


Avanza Bank Holding AB Pretax Margin % Related Terms

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Avanza Bank Holding AB (CHIX:AZAS) Business Description

Traded in Other Exchanges
Address
Regeringsgatan 103, Box 1399, Stockholm, SWE, SE-111 93
Avanza Bank Holding AB is a digital bank that operates in Sweden and serves primarily private customers. The bank emphasizes its online strategy to drive lower costs for its deposit base based on the law of large numbers. Its cost base is centered on a high percentage of fixed costs, primarily personnel costs. The bank does not charge its customers fixed fees or deposit fees. Income is generated when customers carry out transaction themselves, primarily through brokerage fees from securities trading, net interest income from deposits and lending, fund commissions, foreign exchange income, and other income from suppliers of investment products. Over the long term, income growth depends on the bank's ability to grow savings capital.

Avanza Bank Holding AB (CHIX:AZAS) Headlines

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