Astec Industries Inc (ASTE)
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 | 42,600 | 4,900 | 13,700 | 44,500 | 25,300 |
| Revenue | US$ in thousands | 1,332,400 | 1,271,800 | 1,095,400 | 1,030,400 | 1,167,370 |
| Pretax margin | 3.20% | 0.39% | 1.25% | 4.32% | 2.17% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $42,600K ÷ $1,332,400K
= 3.20%
The pretax margin of Astec Industries Inc. has fluctuated over the past five years. In 2023, the pretax margin improved significantly to 3.20%, compared to 0.35% in 2022 and 1.50% in 2021. However, it was lower than the levels observed in 2020 (4.46%) and 2019 (2.15%). The improvement in pretax margin in 2023 indicates that the company's ability to generate profits before taxes has strengthened compared to the previous year. It is essential for the company to sustain this upward trend in pretax margin to ensure profitability and efficiency in its operations.
Peer comparison
Dec 31, 2023