The Andersons Inc (ANDE)
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 | 138,224 | 92,671 | 121,688 | 140,468 | 170,705 | 192,518 | 165,669 | 123,310 | 133,175 | 116,114 | 91,170 | 56,210 | -2,420 | -8,635 | -14,878 | 7,768 | 27,537 | 40,059 | 47,646 | 36,032 |
| Revenue (ttm) | US$ in thousands | 14,750,110 | 16,214,600 | 16,798,230 | 17,228,670 | 17,325,380 | 16,430,590 | 15,210,090 | 13,995,270 | 12,612,040 | 11,337,640 | 10,224,410 | 8,843,350 | 8,064,620 | 7,441,920 | 7,539,090 | 8,009,390 | 8,170,190 | 7,097,252 | 5,800,071 | 4,386,433 |
| Pretax margin | 0.94% | 0.57% | 0.72% | 0.82% | 0.99% | 1.17% | 1.09% | 0.88% | 1.06% | 1.02% | 0.89% | 0.64% | -0.03% | -0.12% | -0.20% | 0.10% | 0.34% | 0.56% | 0.82% | 0.82% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $138,224K ÷ $14,750,110K
= 0.94%
Andersons Inc.'s pretax margin has exhibited fluctuations over the past eight quarters. In Q4 2023, the pretax margin stood at 1.15%, showing an improvement compared to the previous quarter's level of 0.67%. However, it remained below the levels seen in Q4 2022 and Q3 2022, which were at 1.12% and 1.42%, respectively. The company's pretax margin was relatively stable in Q2 and Q1 2023, at 0.63% and 0.69%, respectively.
The variability in pretax margin indicates fluctuations in the company's profitability before accounting for taxes and other expenses. Further analysis of the underlying factors contributing to these fluctuations, such as changes in revenue, operating expenses, and cost management strategies, would provide deeper insights into Andersons Inc.'s financial performance.
Peer comparison
Dec 31, 2023