Carnival Corporation (CCL)
Pretax margin
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,915,000 | -61,000 | -6,079,000 | -9,522,000 | -10,253,000 |
| Revenue | US$ in thousands | 24,945,000 | 19,429,000 | 10,558,000 | 1,908,000 | 4,236,000 |
| Pretax margin | 7.68% | -0.31% | -57.58% | -499.06% | -242.04% |
November 30, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,915,000K ÷ $24,945,000K
= 7.68%
The pretax margin of Carnival Corporation has demonstrated significant fluctuations over the years based on the provided data. The margin was notably negative in November 30, 2020, and November 30, 2021, at -242.04% and -499.06% respectively, signaling financial challenges and operating inefficiencies during those periods.
However, there seems to be a gradual improvement in performance starting from November 30, 2022, with a pretax margin of -57.58%, showing a reduction in losses. The trend continues to November 30, 2023, where the pretax margin improved further to -0.31%, indicating a potential turnaround in the company's profitability.
The most recent data point in November 30, 2024, reveals a positive pretax margin of 7.68%, demonstrating a significant leap from the negative margins in previous years. This improvement suggests enhanced operational efficiency and stronger financial performance, potentially attributed to strategic initiatives or cost-saving measures implemented by Carnival Corporation.
Overall, the analysis highlights the company's journey from significant losses to eventual profitability, showcasing a positive trajectory in its financial health and management of operating costs. It will be essential for Carnival Corporation to continue this positive trend and focus on sustaining profitability in the long term.
Peer comparison
Nov 30, 2024