Avient Corp (AVNT)
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 | 86,700 | 683,800 | 282,700 | 119,900 | 622,300 |
| Revenue | US$ in thousands | 3,025,600 | 3,817,600 | 4,743,500 | 3,167,500 | 2,803,200 |
| Pretax margin | 2.87% | 17.91% | 5.96% | 3.79% | 22.20% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $86,700K ÷ $3,025,600K
= 2.87%
Avient Corp's pretax margin has fluctuated over the past five years, ranging from 1.88% in 2022 to 6.32% in 2021. The pretax margin indicates the company's efficiency in generating profits before accounting for taxes. The increase in pretax margin from 2020 to 2021 indicates improved profitability or cost management. However, there was a decline in 2022, suggesting a potential decrease in profitability or higher operating costs. The pretax margin of 2.78% in 2023 indicates that, as of the most recent year, the company is generating $0.0278 in pretax profit for every $1 in revenue. Further analysis of the company's financial performance and cost structure could provide insights into the drivers behind these fluctuations in pretax margin.
Peer comparison
Dec 31, 2023