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Sparebanken More (OSL:MORG) Pretax Margin % : 57.61% (As of Mar. 2024)


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What is Sparebanken More Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Sparebanken More's Pre-Tax Income for the three months ended in Mar. 2024 was kr333 Mil. Sparebanken More's Revenue for the three months ended in Mar. 2024 was kr578 Mil. Therefore, Sparebanken More's pretax margin for the quarter that ended in Mar. 2024 was 57.61%.

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

OSL:MORG' s Pretax Margin % Range Over the Past 10 Years
Min: 48.67   Med: 55.87   Max: 63.95
Current: 63.95


OSL:MORG's Pretax Margin % is ranked better than
94.65% of 1459 companies
in the Banks industry
Industry Median: 32.81 vs OSL:MORG: 63.95

Sparebanken More Pretax Margin % Historical Data

The historical data trend for Sparebanken More'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.

Sparebanken More Pretax Margin % Chart

Sparebanken More 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 56.69 48.67 54.55 57.72 63.31

Sparebanken More 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 53.80 61.69 57.91 78.47 57.61

Competitive Comparison of Sparebanken More's Pretax Margin %

For the Banks - Regional subindustry, Sparebanken More'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.


Sparebanken More's Pretax Margin % Distribution in the Banks Industry

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

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



Sparebanken More 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.

Sparebanken More'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 )
=1389/2194
=63.31 %

Sparebanken More'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 )
=333/578
=57.61 %

* 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.


Sparebanken More  (OSL:MORG) 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.


Sparebanken More Pretax Margin % Related Terms

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Sparebanken More (OSL:MORG) Business Description

Traded in Other Exchanges
Address
Kipervikgata 6, Ålesund, NOR, 6003
Sparebanken Møre is a Norway-based banking corporation. It engaged in providing retail and commercial banking services to its customers. Products and services provided by the company include deposits, saving accounts, asset management, financial advisory services, payment transfers, foreign exchange and interest trading, insurance, and real estate brokerage. In addition, the company also provides real estate brokerage services for both residential homes and commercial properties. It mainly concentrates on maritime, offshore and supply, real estate, trade, and services as well as insurance industries. It firm manages its business into three segments Corporate, Retail, and Real estate brokerage. The revenue of the company comprises interest, fees, commission, and other income.

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