Chemours Co (CC)
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 | -308,000 | -306,000 | -30,000 | 634,000 | 741,000 | 1,112,000 | 1,044,000 | 857,000 | 678,000 | 399,000 | 228,000 | 204,000 | 180,000 | -297,000 | -266,000 | -153,000 | -123,000 | 513,000 | 691,000 | 880,000 |
| Revenue (ttm) | US$ in thousands | 5,881,000 | 5,818,000 | 6,130,000 | 6,410,000 | 6,639,000 | 6,872,000 | 6,744,000 | 6,477,000 | 6,141,000 | 5,876,000 | 5,441,000 | 4,873,000 | 4,737,000 | 4,824,000 | 4,981,000 | 5,297,000 | 5,371,000 | 5,668,000 | 5,912,000 | 6,286,000 |
| Pretax margin | -5.24% | -5.26% | -0.49% | 9.89% | 11.16% | 16.18% | 15.48% | 13.23% | 11.04% | 6.79% | 4.19% | 4.19% | 3.80% | -6.16% | -5.34% | -2.89% | -2.29% | 9.05% | 11.69% | 14.00% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-308,000K ÷ $5,881,000K
= -5.24%
The pretax margin of Chemours Co has experienced fluctuations over the past few years. In the most recent quarter, the pretax margin was -5.24%, indicating that the company incurred a pre-tax loss relative to its revenue. This decline follows a similar trend from the previous quarter where the pretax margin was -5.26%.
In contrast, in the quarter ended March 31, 2023, the pretax margin improved significantly to 9.89%, showing that the company generated a healthy pre-tax profit relative to its revenue. This positive trend was also seen in the quarters ending December 31, 2022, and September 30, 2022, where the pretax margins were 11.16% and 16.18%, respectively.
Overall, the pretax margin of Chemours Co seems to fluctuate, indicating varying levels of profitability and efficiency in managing its costs and generating income. It is important for the company to closely monitor and analyze its financial performance to address any negative trends and capitalize on periods of positive profitability.
Peer comparison
Dec 31, 2023