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Recon Technology (Recon Technology) Pretax Margin % : -146.58% (As of Jun. 2023)


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What is Recon Technology Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Recon Technology's Pre-Tax Income for the six months ended in Jun. 2023 was $-4.41 Mil. Recon Technology's Revenue for the six months ended in Jun. 2023 was $3.01 Mil. Therefore, Recon Technology's pretax margin for the quarter that ended in Jun. 2023 was -146.58%.

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

RCON' s Pretax Margin % Range Over the Past 10 Years
Min: -95   Med: -52.78   Max: 111.82
Current: -91.11


RCON's Pretax Margin % is ranked worse than
88.24% of 978 companies
in the Oil & Gas industry
Industry Median: 6.085 vs RCON: -91.11

Recon Technology Pretax Margin % Historical Data

The historical data trend for Recon Technology'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.

Recon Technology Pretax Margin % Chart

Recon Technology 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 -24.79 -30.17 -55.06 111.82 -91.57

Recon Technology Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 -71.36 204.89 -60.65 -65.55 -146.58

Competitive Comparison of Recon Technology's Pretax Margin %

For the Oil & Gas Equipment & Services subindustry, Recon Technology'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.


Recon Technology's Pretax Margin % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Recon Technology's Pretax Margin % distribution charts can be found below:

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



Recon Technology 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.

Recon Technology'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 )
=-8.582/9.372
=-91.57 %

Recon Technology's Pretax Margin for the quarter that ended in Jun. 2023 is calculated as

Pretax Margin=Pre-Tax Income (Q: Jun. 2023 )/Revenue (Q: Jun. 2023 )
=-4.412/3.01
=-146.58 %

* 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.


Recon Technology  (NAS:RCON) 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.


Recon Technology Pretax Margin % Related Terms

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Recon Technology (Recon Technology) Business Description

Traded in Other Exchanges
Address
No. 1 Shui’an South Street, Room 601, Chaoyang District, Beijing, CHN, 100012
Recon Technology Ltd is an oilfield service company. The company is engaged in the sale of oilfield automation products, equipment for oil and gas production and transportation, and engineering services. It has four reportable operating segments: Automation Product and Software, Equipment and Accessories, Platform outsourcing services, and Oilfield Environmental Protection. Majority of the firm's revenue comes from the Automation Product and Software segment.