Adient PLC (ADNT)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 202,000 | 205,000 | 228,000 | 117,000 | 50,000 | -26,000 | 1,019,000 | 968,000 | 1,122,000 | 1,357,000 | 184,000 | -75,000 | -175,000 | -490,000 | -442,000 | -105,000 | -187,000 | -81,000 | -1,174,000 | -1,150,000 |
| Revenue (ttm) | US$ in thousands | 15,356,000 | 15,395,000 | 15,316,000 | 14,746,000 | 14,340,000 | 14,121,000 | 13,242,000 | 12,999,000 | 13,312,000 | 13,680,000 | 14,506,000 | 12,890,000 | 12,582,000 | 12,670,000 | 12,994,000 | 15,587,000 | 16,304,000 | 16,526,000 | 16,750,000 | 17,025,000 |
| Pretax margin | 1.32% | 1.33% | 1.49% | 0.79% | 0.35% | -0.18% | 7.70% | 7.45% | 8.43% | 9.92% | 1.27% | -0.58% | -1.39% | -3.87% | -3.40% | -0.67% | -1.15% | -0.49% | -7.01% | -6.75% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $202,000K ÷ $15,356,000K
= 1.32%
The pretax margin of Adient plc has been fluctuating over the past eight quarters. In Q1 2024, the pretax margin was 1.93%, slightly higher than the previous quarter at 1.92%. Prior to that, in Q3 2023, the pretax margin was relatively higher at 2.10%. However, in Q2 2023 and Q1 2023, the pretax margins were 1.34% and 0.89%, respectively, indicating a downward trend during that period.
It is worth noting that there was a significant spike in pretax margin in Q4 2022 and Q3 2022, where the margins were 8.20% and 8.05%, respectively. This surge in profitability may have been influenced by various factors such as cost management initiatives or changes in the company's revenue streams during those quarters.
Overall, the pretax margin of Adient plc has shown variability in recent quarters, with some quarters demonstrating higher profitability levels compared to others. Evaluating the trend over a longer period may provide a more comprehensive understanding of the company's financial performance.
Peer comparison
Dec 31, 2023