Pre tax profit indicator (Historical) Formula in Excel

Pre tax profit indicator (Historical) helps you evaluate a company's pre-tax margin changes and predict its directional trends based on historical financial data. By using this formula with MarketXLS in Excel, you can easily track and analyze pre-tax profit indicators for various symbols, including stocks, indices, options, and cryptocurrencies.

Understanding Pre tax profit indicator (Historical)

Use the Pre tax profit indicator (Historical) to:

• Track pre-tax margins over specific years or quarters.
• Monitor a company’s profitability trends without the influence of tax expenses.
• Compare historical performance across multiple time ranges, including trailing twelve months (TTM).

? Pro Tip: Leverage this metric alongside other fundamental indicators (e.g., revenue growth, R&D expenses) to gain a comprehensive understanding of a company’s financial health.

Syntax and Parameters

Below is the syntax for the hf_Pre_Tax_Profit_Indicator function in Excel:

=hf_Pre_Tax_Profit_Indicator(Symbol, year, [quarter], [TTM])

• Return Value:

• Returns a numerical value representing the pre-tax profit indicator for the specified historical period.
• If data is unavailable or any parameter is invalid, "NA" is returned.

?? Note: This function requires an active MarketXLS license with historical fundamentals data access. If your license is invalid or expired, the formula will return "NA".

Examples and Usage

Here are some practical ways to use the function in Excel:

1. Retrieve pre-tax profit indicator for a specific year:

   =hf_Pre_Tax_Profit_Indicator("MSFT", 2022)

2. Specify both year and quarter:

   =hf_Pre_Tax_Profit_Indicator("MSFT", 2022, 2)

3. Include "TTM" to get trailing twelve months data:

   =hf_Pre_Tax_Profit_Indicator("MSFT", 2022, 3, "TTM")

4. Use special codes for year to fetch last quarter (lq) or last year (ly):

   =hf_Pre_Tax_Profit_Indicator("MSFT", "lq") 
   =hf_Pre_Tax_Profit_Indicator("MSFT", "ly")

5. For indices, options, or crypto:

   =hf_Pre_Tax_Profit_Indicator("^SPX", "ly")
   =hf_Pre_Tax_Profit_Indicator("@MSFT 110122C00020000", "lq")
   =hf_Pre_Tax_Profit_Indicator("BTCUSD:DEFAULT", "lq", 1, "TTM")

Real-World Applications

• Financial Statement Analysis: Combine pre-tax profit indicator with revenue, gross profit, and other metrics to get a bird’s-eye view of performance.
• Investment Research: Quickly compare multiple symbols’ pre-tax margins for the same period, guiding data-driven investment decisions.

Common Questions

1. Why do I get "NA" for certain symbols?

   • The symbol may be invalid or not supported under your current subscription plan.
   • Ensure you have spelled the ticker correctly and your MarketXLS license is active.

2. What happens if I leave the quarter blank?

   • The function defaults to quarter "1" if you don’t specify another quarter.

3. How frequently is the data updated?

   • Historical fundamentals are typically updated quarterly or annually, based on company filings. MarketXLS fetches the latest data from reliable financial data providers.

4. Can I use both quarter and TTM together?

   • Yes. For example, providing quarter = 3 and TTM = "TTM" will fetch trailing twelve months data ending with the third quarter.

5. Is there a performance impact when running multiple MarketXLS formulas?

   • For most use cases, performance is smooth. However, very large spreadsheets might experience slower recalculation times. You can optimize by using fewer real-time calls or storing data in helper cells.

? Pro Tip: Combine hf_Pre_Tax_Profit_Indicator with other historical fundamentals like Revenue (Historical) or Gross Profit (Historical) to observe correlations between top-line growth and changes in pre-tax profitability.