Advanced Energy Industries Inc (AEIS)
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 | 119,996 | 157,987 | 210,198 | 234,436 | 239,510 | 228,552 | 167,407 | 148,519 | 148,740 | 155,442 | 183,191 | 179,660 | 157,671 | 125,271 | 83,977 | 85,086 | 75,640 | 79,131 | 107,900 | 128,531 |
| Revenue (ttm) | US$ in thousands | 1,639,083 | 1,729,945 | 1,837,914 | 1,864,718 | 1,838,443 | 1,745,464 | 1,576,116 | 1,496,837 | 1,451,137 | 1,425,066 | 1,468,727 | 1,447,130 | 1,409,954 | 1,378,932 | 1,164,898 | 961,575 | 789,424 | 605,317 | 603,631 | 664,251 |
| Pretax margin | 7.32% | 9.13% | 11.44% | 12.57% | 13.03% | 13.09% | 10.62% | 9.92% | 10.25% | 10.91% | 12.47% | 12.41% | 11.18% | 9.08% | 7.21% | 8.85% | 9.58% | 13.07% | 17.88% | 19.35% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $119,996K ÷ $1,639,083K
= 7.32%
Advanced Energy Industries Inc. has shown fluctuations in its pretax margin over the past eight quarters. The pretax margin decreased from 13.10% in Q4 2022 to 7.40% in Q4 2023, representing a significant drop. However, it then gradually increased in the following quarters, reaching its peak at 12.68% in Q1 2023. This upward trend indicates an improvement in the company's ability to generate profits before accounting for taxes. Despite some variability, the company has generally maintained pretax margins above 10% in the recent quarters, reflecting a solid financial performance. Additional analysis and comparison with industry benchmarks may provide further insights into Advanced Energy Industries Inc.'s profitability and operational efficiency.
Peer comparison
Dec 31, 2023