Axalta Coating Systems Ltd (AXTA)
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 | 353,600 | 309,400 | 291,400 | 280,000 | 256,700 | 262,000 | 271,300 | 373,500 | 340,000 | 370,200 | 376,300 | 113,200 | 121,800 | 97,900 | 82,100 | 296,400 | 326,400 | 339,400 | 256,600 | 237,200 |
| Revenue (ttm) | US$ in thousands | 5,184,100 | 5,123,500 | 5,053,200 | 4,994,200 | 4,884,400 | 4,784,900 | 4,634,800 | 4,526,700 | 4,416,200 | 4,353,500 | 4,291,800 | 3,817,700 | 3,737,600 | 3,761,500 | 3,841,600 | 4,346,400 | 4,482,200 | 4,549,600 | 4,588,600 | 4,643,300 |
| Pretax margin | 6.82% | 6.04% | 5.77% | 5.61% | 5.26% | 5.48% | 5.85% | 8.25% | 7.70% | 8.50% | 8.77% | 2.97% | 3.26% | 2.60% | 2.14% | 6.82% | 7.28% | 7.46% | 5.59% | 5.11% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $353,600K ÷ $5,184,100K
= 6.82%
To analyze Axalta Coating Systems Ltd's pretax margin trend, we can observe fluctuations in the metric over the past eight quarters. The pretax margin, which represents the company's profitability before accounting for taxes, has shown some variability during this period.
In Q1 2022, the pretax margin was relatively high at 8.24%, indicating that the company was efficient in generating profits before tax expenses. However, there was a decline in Q2 2022 to 5.84%, which could be attributed to changes in operating costs or revenue streams.
Subsequently, in Q3 2022 and Q4 2022, there was a slight increase in pretax margin to 5.49% and 5.27% respectively, showing some stability in profitability levels.
Moving on to 2023, we saw a gradual improvement in pretax margin figures in Q1 (5.63%), Q2 (5.79%), Q3 (6.06%), and Q4 (6.84%). This positive trend may indicate better cost management or increased revenue generation during these quarters.
Overall, while there have been fluctuations in Axalta Coating Systems Ltd's pretax margin over the analyzed period, the recent trend shows an upward trajectory, suggesting improvements in profitability before tax expenses. It would be important to further investigate the drivers behind these movements to assess the company's financial performance comprehensively.
Peer comparison
Dec 31, 2023