Artivion Inc (AORT)
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 | -21,586 | -14,984 | -14,827 | -17,174 | 1,644 |
| Revenue | US$ in thousands | 331,083 | 292,771 | 298,836 | 253,227 | 276,222 |
| Pretax margin | -6.52% | -5.12% | -4.96% | -6.78% | 0.60% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-21,586K ÷ $331,083K
= -6.52%
Artivion Inc's pretax margin has shown a trend of fluctuation over the past five years, ranging from a low of -6.78% in 2020 to a high of 0.60% in 2019. The pretax margin provides insight into the company's ability to generate profits before accounting for taxes relative to its total revenue.
The negative pretax margins in recent years indicate that the company's pre-tax profitability has been challenged, with expenses outweighing revenues. However, it is worth noting that there was a slight improvement in 2023 compared to the prior two years, as the pretax margin decreased from -4.78% in 2022 to -6.10%.
Further analysis of the factors contributing to the negative pretax margins, such as cost management, revenue generation, and overall efficiency, would be essential to understanding the company's financial performance and sustainability. Additionally, monitoring future pretax margin trends will be crucial in assessing Artivion Inc's ability to enhance profitability and financial health over time.
Peer comparison
Dec 31, 2023