Century Communities Inc (CCS)

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	350,827	327,155	387,230	532,133	676,900	786,675	760,362	698,848	641,121	550,144	469,268	367,237	270,276	203,075	173,030	143,722	132,631	114,695	102,713	128,420
Revenue (ttm)	US$ in thousands	3,692,184	3,665,734	3,920,601	4,242,550	4,505,910	4,533,580	4,347,322	4,224,092	4,216,312	3,997,290	3,833,619	3,567,153	3,161,192	2,965,956	2,761,957	2,605,463	2,535,911	2,395,315	2,366,682	2,278,624
Pretax margin		9.50%	8.92%	9.88%	12.54%	15.02%	17.35%	17.49%	16.54%	15.21%	13.76%	12.24%	10.29%	8.55%	6.85%	6.26%	5.52%	5.23%	4.79%	4.34%	5.64%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $350,827K ÷ $3,692,184K
= 9.50%

Century Communities Inc's pretax margin has shown a declining trend over the past eight quarters, starting at a high of 17.49% in Q2 2022 and gradually decreasing to 9.50% in Q4 2023. This decline indicates a decrease in the company's ability to generate profits before accounting for taxes and reflects potential challenges in cost management, revenue generation, or operational efficiency. It is essential for the company to investigate the reasons behind this decreasing trend and implement strategies to improve profitability in future quarters.