High Pretax Profit Margin from 2010 to 2024

HITI Stock  USD 3.48  0.22  6.75%   
High Tide's Pretax Profit Margin is decreasing with slightly volatile movements from year to year. Pretax Profit Margin is predicted to flatten to -0.12. For the period between 2010 and 2024, High Tide, Pretax Profit Margin quarterly trend regression had mean deviation of  0.24 and range of 1.0646. View All Fundamentals
 
Pretax Profit Margin  
First Reported
2010-12-31
Previous Quarter
(0.11)
Current Value
(0.12)
Quarterly Volatility
0.32849054
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check High Tide financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among High Tide's main balance sheet or income statement drivers, such as Depreciation And Amortization of 34.4 M, Interest Expense of 7.4 M or Selling General Administrative of 117.2 M, as well as many indicators such as Price To Sales Ratio of 0.33, Dividend Yield of 0.0262 or PTB Ratio of 0.78. High financial statements analysis is a perfect complement when working with High Tide Valuation or Volatility modules.
  
Check out the analysis of High Tide Correlation against competitors.
For more detail on how to invest in High Stock please use our How to Invest in High Tide guide.

Latest High Tide's Pretax Profit Margin Growth Pattern

Below is the plot of the Pretax Profit Margin of High Tide over the last few years. It is High Tide's Pretax Profit Margin historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in High Tide's overall financial position and show how it may be relating to other accounts over time.
Pretax Profit Margin10 Years Trend
Slightly volatile
   Pretax Profit Margin   
       Timeline  

High Pretax Profit Margin Regression Statistics

Arithmetic Mean(0.07)
Geometric Mean0.18
Coefficient Of Variation(451.22)
Mean Deviation0.24
Median(0.07)
Standard Deviation0.33
Sample Variance0.11
Range1.0646
R-Value(0.48)
Mean Square Error0.09
R-Squared0.23
Significance0.07
Slope(0.04)
Total Sum of Squares1.51

High Pretax Profit Margin History

2024 -0.12
2023 -0.11
2022 -0.0996
2021 -0.21
2020 -0.2
2019 -0.0736
2018 -0.86

About High Tide Financial Statements

Investors use fundamental indicators, such as High Tide's Pretax Profit Margin, to determine how well the company is positioned to perform in the future. Although High Tide's investors may analyze each financial statement separately, they are all interrelated. Understanding these patterns can help investors make the right trading decisions.
Last ReportedProjected for Next Year
Pretax Profit Margin(0.11)(0.12)

Currently Active Assets on Macroaxis

When determining whether High Tide offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of High Tide's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of High Tide Stock. Outlined below are crucial reports that will aid in making a well-informed decision on High Tide Stock:
Check out the analysis of High Tide Correlation against competitors.
For more detail on how to invest in High Stock please use our How to Invest in High Tide guide.
You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Is Consumer Staples Distribution & Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of High Tide. If investors know High will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about High Tide listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.29)
Revenue Per Share
6.536
Quarterly Revenue Growth
0.059
Return On Assets
0.0315
Return On Equity
(0.20)
The market value of High Tide is measured differently than its book value, which is the value of High that is recorded on the company's balance sheet. Investors also form their own opinion of High Tide's value that differs from its market value or its book value, called intrinsic value, which is High Tide's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because High Tide's market value can be influenced by many factors that don't directly affect High Tide's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between High Tide's value and its price as these two are different measures arrived at by different means. Investors typically determine if High Tide is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, High Tide's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.