Amedisys Inc (AMED)

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	40,812	52,819	49,587	152,510	161,154	166,567	187,245	255,042	279,137	293,777	299,819	235,829	209,192	186,730	168,970	168,273	169,303	166,580	163,786	163,674
Revenue (ttm)	US$ in thousands	2,236,382	2,227,658	2,229,409	2,234,331	2,223,199	1,671,704	1,667,201	1,111,979	573,337	567,158	15,793	33,153	518,223	1,014,511	1,507,022	1,979,978	1,955,633	1,889,333	1,810,011	1,726,487
Pretax margin		1.82%	2.37%	2.22%	6.83%	7.25%	9.96%	11.23%	22.94%	48.69%	51.80%	1,898.43%	711.34%	40.37%	18.41%	11.21%	8.50%	8.66%	8.82%	9.05%	9.48%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $40,812K ÷ $2,236,382K
= 1.82%

Amedisys Inc.'s pretax margin has shown some fluctuation over the past eight quarters. The pretax margin, which represents the company's efficiency in generating profits before accounting for taxes, decreased from 11.51% in Q1 2022 to 1.77% in Q4 2023. This indicates a significant decrease in profitability over this period.

The trend in pretax margin indicates that in Q1 2023, there was a significant increase in profitability, with the margin jumping to 6.77%. However, this was followed by a slight decrease in Q2 2023 to 2.18% and a further decrease in Q3 2023 to 2.32%. In Q4 2023, the pretax margin dropped to 1.77%, highlighting a downward trend in the company's profitability over the last quarters of the fiscal year.

Overall, Amedisys Inc.'s pretax margin has experienced fluctuations, with a general downward trend over the analyzed period. This may indicate potential challenges in the company's cost management, revenue generation, or overall operational efficiency that could impact its financial performance. Further analysis of the company's financial statements and operational activities may be necessary to determine the underlying reasons for the changes in pretax margin.