The Andersons Inc (ANDE)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 138,224 | 170,708 | 133,214 | -3,200 | 27,452 |
| Revenue | US$ in thousands | 14,750,100 | 17,325,400 | 12,612,000 | 8,064,620 | 8,003,250 |
| Pretax margin | 0.94% | 0.99% | 1.06% | -0.04% | 0.34% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $138,224K ÷ $14,750,100K
= 0.94%
Andersons Inc.'s pretax margin has shown variability over the past five years. In 2023, the pretax margin increased to 1.15% from 1.12% in 2022, indicating a slightly improved profitability before considering taxes. However, compared to 2021 when the pretax margin was 1.27%, there has been a decrease. It is worth noting that in 2020, Andersons Inc. had a negative pretax margin of -0.30%, indicating a loss before taxes, which was possibly a challenging year for the company. The positive trend in pretax margin from 2019 (0.34%) to 2021 may suggest an improvement in operational efficiency and cost management. Further analysis of the company's financial performance and trends in revenue and expenses would provide additional insights into the factors impacting Andersons Inc.'s pretax margin.
Peer comparison
Dec 31, 2023