The historical rank and industry rank for Teck Resources's Pretax Margin % or its related term are showing as below:
TECK'
s Pretax Margin % Range Over the Past 10 Years
Min: -40.2 Med: 21.89 Max: 37.91
Current: 26.27
TECK's Pretax Margin % is ranked better than 86.99% of 861
companies
in the Metals & Mining industry
Industry Median: 0.83
vs TECK: 26.27
Teck Resources Pretax Margin % Historical Data
The historical data trend for Teck Resources'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.
Competitive Comparison of Teck Resources's Pretax Margin %
For the Other Industrial Metals & Mining subindustry, Teck Resources'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.
Teck Resources's Pretax Margin % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Teck Resources's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Teck Resources's Pretax Margin % falls into.
Teck Resources 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.
Teck Resources's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
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.
Teck Resources Pretax Margin % Related Terms
Thank you for viewing the detailed overview of Teck Resources's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Teck Resources (Teck Resources) Business Description
Teck is a diversified miner with coal, copper, and zinc operations in Canada, the United States, Chile, and Peru. Metallurgical coal is Teck's primary commodity in terms of EBITDA contribution, followed by copper and zinc. Teck is the world's second-largest exporter of seaborne metallurgical coal and is a top-three zinc miner. Its major new copper mine in Chile at the majority-owned Quebrada Blanca 2, in partnership with Sumitomo, will drive an increase in Teck's attributable copper production by roughly 80%. Along with a number of additional copper growth options, Teck's strategy is to rebalance its portfolio to low carbon metals such as copper. It sold its oil sands business in early 2023 and has agreed to sell its coal business, with the deal likely closing in the third quarter of 2024.
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