Adient PLC (ADNT)
Pretax margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 205,000 | -26,000 | 1,357,000 | -490,000 | -81,000 |
| Revenue | US$ in thousands | 15,395,000 | 14,121,000 | 13,680,000 | 12,670,000 | 16,526,000 |
| Pretax margin | 1.33% | -0.18% | 9.92% | -3.87% | -0.49% |
September 30, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $205,000K ÷ $15,395,000K
= 1.33%
The pretax margin of Adient plc has varied significantly over the past five years. In 2023, the pretax margin improved to 1.92%, representing a substantial increase from the previous year's 0.38%. This improvement suggests that the company's ability to generate profits before accounting for taxes has strengthened. However, it is worth noting that in 2020, the company experienced a negative pretax margin of -3.39%, indicating a period of financial difficulty. The pretax margin of 10.52% in 2021 demonstrated a strong recovery from the previous year's loss. Overall, the trend in pretax margin indicates fluctuations in the company's profitability over the years, highlighting the need for further analysis to understand the underlying factors influencing these changes.
Peer comparison
Sep 30, 2023