Bunge Limited (BG)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,524,000 | 1,673,000 | 1,854,000 | 2,578,000 | 3,051,000 | 2,677,000 | 2,670,000 | 2,104,000 | 2,066,000 | 1,857,000 | 2,102,000 | 2,260,000 | 2,565,000 | 2,935,000 | 2,499,000 | 2,770,000 | 1,413,000 | 692,000 | -1,123,000 | -1,541,000 |
| Revenue (ttm) | US$ in thousands | 53,108,000 | 54,502,000 | 55,821,000 | 57,629,000 | 59,540,000 | 61,264,000 | 63,796,000 | 66,680,000 | 67,232,000 | 67,255,000 | 64,613,000 | 62,071,000 | 59,152,000 | 55,079,000 | 51,121,000 | 45,192,000 | 41,404,000 | 39,577,000 | 39,741,000 | 40,375,000 |
| Pretax margin | 2.87% | 3.07% | 3.32% | 4.47% | 5.12% | 4.37% | 4.19% | 3.16% | 3.07% | 2.76% | 3.25% | 3.64% | 4.34% | 5.33% | 4.89% | 6.13% | 3.41% | 1.75% | -2.83% | -3.82% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,524,000K ÷ $53,108,000K
= 2.87%
Bunge Limited's pretax margin has displayed fluctuating trends over the periods provided. The pretax margin started with negative figures in March 2020 and June 2020, indicating the company's expenses were exceeding its revenue in those quarters.
However, there was a significant improvement in profitability as seen in the positive pretax margins reported from September 2020 to December 2021. This suggests that Bunge Limited was able to effectively manage its operational costs and generate higher earnings before taxes during this period.
Subsequently, from March 2022 to June 2024, the pretax margin showed some variability, with figures ranging from 2.76% to 5.12%. This indicates some fluctuations in the company's profitability, potentially influenced by changes in revenue, expenses, or external factors impacting the business.
Overall, the trend in the pretax margin for Bunge Limited demonstrates periods of improvement and stability in profitability, interspersed with some fluctuations. Investors and analysts may want to further investigate the reasons behind these fluctuations to assess the company's financial performance and sustainability.
Peer comparison
Dec 31, 2024