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C21 Investments (XCNQ:CXXI) Pretax Margin % : 2.99% (As of Oct. 2023)


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What is C21 Investments Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. C21 Investments's Pre-Tax Income for the three months ended in Oct. 2023 was C$0.28 Mil. C21 Investments's Revenue for the three months ended in Oct. 2023 was C$9.44 Mil. Therefore, C21 Investments's pretax margin for the quarter that ended in Oct. 2023 was 2.99%.

The historical rank and industry rank for C21 Investments's Pretax Margin % or its related term are showing as below:

XCNQ:CXXI' s Pretax Margin % Range Over the Past 10 Years
Min: -912.74   Med: -4.88   Max: 51.94
Current: -0.4


XCNQ:CXXI's Pretax Margin % is ranked worse than
61.35% of 1022 companies
in the Drug Manufacturers industry
Industry Median: 4.555 vs XCNQ:CXXI: -0.40

C21 Investments Pretax Margin % Historical Data

The historical data trend for C21 Investments'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.

C21 Investments Pretax Margin % Chart

C21 Investments Annual Data
Trend Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -912.74 -76.49 -4.88 51.94 14.51

C21 Investments Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
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 19.32 -10.42 2.66 2.87 2.99

Competitive Comparison of C21 Investments's Pretax Margin %

For the Drug Manufacturers - Specialty & Generic subindustry, C21 Investments'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.


C21 Investments's Pretax Margin % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, C21 Investments's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where C21 Investments's Pretax Margin % falls into.



C21 Investments 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.

C21 Investments's Pretax Margin for the fiscal year that ended in Jan. 2023 is calculated as

Pretax Margin=Pre-Tax Income (A: Jan. 2023 )/Revenue (A: Jan. 2023 )
=5.625/38.773
=14.51 %

C21 Investments's Pretax Margin for the quarter that ended in Oct. 2023 is calculated as

Pretax Margin=Pre-Tax Income (Q: Oct. 2023 )/Revenue (Q: Oct. 2023 )
=0.282/9.437
=2.99 %

* 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.


C21 Investments  (XCNQ:CXXI) 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.


C21 Investments Pretax Margin % Related Terms

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C21 Investments (XCNQ:CXXI) Business Description

Traded in Other Exchanges
Address
601 West Cordova Street, Suite 280, Vancouver, BC, CAN, V6B 1G1
C21 Investments Inc is a vertically integrated cannabis company. It cultivates, processes, manufactures, and distributes cannabis and hemp-derived consumer products. C21's focus is to expand where the company can wholly own indoor or outdoor cultivation operations, extraction facilities, bakeries, branded products, and retail dispensaries with a large distribution network.

C21 Investments (XCNQ:CXXI) Headlines

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