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Firstrand (JSE:FSR) Pretax Margin % : 40.14% (As of Dec. 2023)


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What is Firstrand Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Firstrand's Pre-Tax Income for the six months ended in Dec. 2023 was R27,796 Mil. Firstrand's Revenue for the six months ended in Dec. 2023 was R69,242 Mil. Therefore, Firstrand's pretax margin for the quarter that ended in Dec. 2023 was 40.14%.

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

JSE:FSR' s Pretax Margin % Range Over the Past 10 Years
Min: 22.69   Med: 39.44   Max: 41.45
Current: 38.71


JSE:FSR's Pretax Margin % is ranked better than
62.62% of 1458 companies
in the Banks industry
Industry Median: 32.765 vs JSE:FSR: 38.71

Firstrand Pretax Margin % Historical Data

The historical data trend for Firstrand'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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Firstrand Pretax Margin % Chart

Firstrand Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 39.22 22.69 34.37 40.86 38.63

Firstrand Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 39.75 41.94 40.10 37.24 40.14

Competitive Comparison of Firstrand's Pretax Margin %

For the Banks - Diversified subindustry, Firstrand'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.


Firstrand's Pretax Margin % Distribution in the Banks Industry

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

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



Firstrand 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.

Firstrand's Pretax Margin for the fiscal year that ended in Jun. 2023 is calculated as

Pretax Margin=Pre-Tax Income (A: Jun. 2023 )/Revenue (A: Jun. 2023 )
=50908/131794
=38.63 %

Firstrand's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as

Pretax Margin=Pre-Tax Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=27796/69242
=40.14 %

* 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.


Firstrand  (JSE:FSR) 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.


Firstrand Pretax Margin % Related Terms

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Firstrand (JSE:FSR) Business Description

Traded in Other Exchanges
Address
Corner Fredman Drive and Rivonia Road, 4 Merchant Place, C Low, Sandton, Johannesburg, GT, ZAF, 2196
Firstrand Ltd wholly owns FirstRand Bank, a full-service bank providing a comprehensive range of retail, commercial, corporate and investment banking services in South Africa and offers niche products. The bank has three divisions, which are separately branded: First National Bank (FNB), WesBank and Rand Merchant Bank (RMB). The bank's retail and commercial brand is the contributor of normalized earnings, followed by its corporate and investment brand. FirstRand's retail and commercial division emphasizes a diverse range of financial services with a strategic emphasis on cost controls and digital platforms. The bank's corporate and investment brand heavily relies on its origination franchise as part of its value proposition.

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