Celanese Corporation (CE)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,170,000 | 1,405,000 | 2,220,000 | 2,232,000 | 976,000 |
| Revenue | US$ in thousands | 10,746,000 | 9,349,000 | 8,518,000 | 5,580,000 | 6,284,000 |
| Pretax margin | 10.89% | 15.03% | 26.06% | 40.00% | 15.53% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,170,000K ÷ $10,746,000K
= 10.89%
Celanese Corp's pre-tax margin has exhibited fluctuations over the past five years. The pretax margin declined sharply from 39.81% in 2020 to 26.33% in 2021, indicating a significant decrease in pre-tax profitability. The margin further decreased to 14.69% in 2022 before rebounding to 10.81% in 2023.
The downward trend in the pre-tax margin highlights a potential challenge in maintaining profitability and controlling costs during the period under review. It is essential for Celanese Corp to closely monitor its cost structure, revenue generation, and operational efficiency to sustain and improve its pre-tax margin in the future.
Peer comparison
Dec 31, 2023