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RioZim (XZIM:RIOZ.ZW) Pretax Margin % : -19.87% (As of Jun. 2023)


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What is RioZim Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. RioZim's Pre-Tax Income for the six months ended in Jun. 2023 was ZWL-9,929 Mil. RioZim's Revenue for the six months ended in Jun. 2023 was ZWL49,958 Mil. Therefore, RioZim's pretax margin for the quarter that ended in Jun. 2023 was -19.87%.

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

XZIM:RIOZ.ZW' s Pretax Margin % Range Over the Past 10 Years
Min: -111.76   Med: -23.32   Max: 28.96
Current: -27.3


XZIM:RIOZ.ZW's Pretax Margin % is ranked worse than
67.98% of 862 companies
in the Metals & Mining industry
Industry Median: 0.785 vs XZIM:RIOZ.ZW: -27.30

RioZim Pretax Margin % Historical Data

The historical data trend for RioZim'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.

RioZim Pretax Margin % Chart

RioZim Annual Data
Trend Dec09 Dec11 Dec12 Dec18 Dec19 Dec20 Dec21 Dec22
Pretax Margin %
Get a 7-Day Free Trial -4.19 -111.76 28.96 -20.07 -50.79

RioZim Semi-Annual Data
Dec09 Dec11 Dec12 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 -27.44 -13.90 -51.09 -50.71 -19.87

Competitive Comparison of RioZim's Pretax Margin %

For the Gold subindustry, RioZim'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.


RioZim's Pretax Margin % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, RioZim's Pretax Margin % distribution charts can be found below:

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



RioZim 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.

RioZim's Pretax Margin for the fiscal year that ended in Dec. 2022 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2022 )/Revenue (A: Dec. 2022 )
=-10461.471/20595.816
=-50.79 %

RioZim'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 )
=-9928.925/49958.251
=-19.87 %

* 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.


RioZim  (XZIM:RIOZ.ZW) 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.


RioZim Pretax Margin % Related Terms

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RioZim (XZIM:RIOZ.ZW) Business Description

Traded in Other Exchanges
N/A
Address
No.1 Kenilworth Road, Highlands, Harare, ZWE
RioZim Ltd together with its subsidiaries engages in mining and metallurgical operations. The company's operating segments include Gold and Base Metals. Gold segment develops and mines gold that is ultimately sold as gold bullion. It generates maximum revenue from the Gold. Geographically, it derives a majority of revenue from Zimbabwe. All the group's operations are located in Zimbabwe and situated in two geographic locations, Masvingo Province and Mashonaland West Province. The company is engaged in the operation of the Renco Goldmine in the south-east of Zimbabwe, Dalny Mine based in Chakari, the Cam and Motor gold and Empress Nickel Refinery mine in Kadoma.

RioZim (XZIM:RIOZ.ZW) Headlines

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