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TTP (Tortoise Pipeline & Energy Fund) Pretax Margin % : 97.28% (As of May. 2024)


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What is Tortoise Pipeline & Energy Fund Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Tortoise Pipeline & Energy Fund's Pre-Tax Income for the six months ended in May. 2024 was $12.28 Mil. Tortoise Pipeline & Energy Fund's Revenue for the six months ended in May. 2024 was $12.63 Mil. Therefore, Tortoise Pipeline & Energy Fund's pretax margin for the quarter that ended in May. 2024 was 97.28%.

The historical rank and industry rank for Tortoise Pipeline & Energy Fund's Pretax Margin % or its related term are showing as below:

TTP' s Pretax Margin % Range Over the Past 10 Years
Min: 86.35   Med: 102.13   Max: 124.6
Current: 97.14


TTP's Pretax Margin % is ranked better than
63.94% of 1653 companies
in the Asset Management industry
Industry Median: 91.39 vs TTP: 97.14

Tortoise Pipeline & Energy Fund Pretax Margin % Historical Data

The historical data trend for Tortoise Pipeline & Energy Fund'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.

Tortoise Pipeline & Energy Fund Pretax Margin % Chart

Tortoise Pipeline & Energy Fund Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Pretax Margin %
Get a 7-Day Free Trial 109.66 102.13 95.54 96.03 86.35

Tortoise Pipeline & Energy Fund Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24
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 97.63 45.79 104.69 96.99 97.28

Competitive Comparison of Tortoise Pipeline & Energy Fund's Pretax Margin %

For the Asset Management subindustry, Tortoise Pipeline & Energy Fund'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.


Tortoise Pipeline & Energy Fund's Pretax Margin % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tortoise Pipeline & Energy Fund's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Tortoise Pipeline & Energy Fund's Pretax Margin % falls into.



Tortoise Pipeline & Energy Fund 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.

Tortoise Pipeline & Energy Fund's Pretax Margin for the fiscal year that ended in Nov. 2023 is calculated as

Pretax Margin=Pre-Tax Income (A: Nov. 2023 )/Revenue (A: Nov. 2023 )
=4.339/5.025
=86.35 %

Tortoise Pipeline & Energy Fund's Pretax Margin for the quarter that ended in May. 2024 is calculated as

Pretax Margin=Pre-Tax Income (Q: May. 2024 )/Revenue (Q: May. 2024 )
=12.281/12.625
=97.28 %

* 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.


Tortoise Pipeline & Energy Fund  (NYSE:TTP) 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.


Tortoise Pipeline & Energy Fund Pretax Margin % Related Terms

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Tortoise Pipeline & Energy Fund Business Description

Traded in Other Exchanges
N/A
Address
6363 College Boulevard, Suite 100A, Overland Park, KS, USA, 66211
Tortoise Pipeline & Energy Fund Inc is a non-diversified, closed-end investment management company. It invests in equity securities of North American pipeline companies that transport natural gas, natural gas liquids, crude oil, and refined products. The company seeks to invest in fixed-income and dividend-paying equity securities of power and energy infrastructure companies that provide stable and defensive characteristics throughout economic cycles.
Executives
Ciccotello Conrad S director 5100 W. 115TH PLACE, LEAWOOD KS 66211
Jennifer Paquette director 5100 W. 115TH PLACE, LEAWOOD KS 66211
H Kevin Birzer director 5100 W. 115TH PLACE, LEAWOOD KS 66211
Alexandra Herger director 5100 W. 115TH PLACE, LEAWOOD KS 66211
Matthew Sallee other: Member of Investment Committee 5100 W. 115TH PLACE, LEAWOOD KS 66211
Rand C Berney director 11550 ASH STREET, SUITE 300, LEAWOOD KS 66211
P. Bradley Adams officer: Chief Financial Officer 5100 W. 115TH PLACE, LEAWOOD KS 66211
Brian Alan Kessens officer: President 5100 W. 115TH PLACE, LEAWOOD KS 66211
Shobana Gopal officer: Vice President 5100 W. 115TH PLACE, LEAWOOD KS 66211
Sean Paul Wickliffe officer: Vice President & Asst Treas. 6363 COLLEGE BOULEVARD, OVERLAND PARK KS 66211
Gengler Courtney officer: Vice President 5200 W. 115TH PLACE, LEAWOOD KS 66211
Ryan Channell officer: Vice President 5100 W. 115TH PLACE, LEAWOOD KS 66211
James Ryan Mick other: Member of Investment Committee 11550 ASH STREET, SUITE 300, LEAWOOD KS 66211
Prudential Insurance Co Of America 10 percent owner 751 BROAD STREET, NEWARK NJ 07102
Prudential Financial Inc 10 percent owner 751 BROAD ST, NEWARK NJ 07102