Celanese Corporation (CE)
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 | 1,170,000 | 974,000 | 577,000 | 907,000 | 1,405,000 | 2,029,000 | 2,319,000 | 2,427,000 | 2,220,000 | 3,239,000 | 2,868,000 | 2,356,000 | 2,232,000 | 702,000 | 781,000 | 876,000 | 976,000 | 1,111,000 | 1,250,000 | 1,454,000 |
| Revenue (ttm) | US$ in thousands | 10,254,000 | 10,108,000 | 9,713,000 | 9,534,000 | 9,350,000 | 9,417,000 | 9,523,000 | 9,245,000 | 8,517,000 | 7,793,000 | 6,925,000 | 5,920,000 | 5,580,000 | 5,485,000 | 5,659,000 | 6,054,000 | 6,284,000 | 6,548,000 | 6,732,000 | 6,984,000 |
| Pretax margin | 11.41% | 9.64% | 5.94% | 9.51% | 15.03% | 21.55% | 24.35% | 26.25% | 26.07% | 41.56% | 41.42% | 39.80% | 40.00% | 12.80% | 13.80% | 14.47% | 15.53% | 16.97% | 18.57% | 20.82% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,170,000K ÷ $10,254,000K
= 11.41%
Celanese Corp's pretax margin has exhibited fluctuations over the past eight quarters. In Q4 2022, the pretax margin was at its peak at 26.46%, indicating strong profitability before experiencing a steady decline in subsequent quarters. Notably, in Q2 and Q3 2022, the pretax margin was above 20%, reflecting robust operational efficiency and cost management.
However, the pretax margin decreased significantly to 5.71% in Q2 2023, signaling potential challenges or increased costs impacting the company's profitability. Although there was a slight recovery in Q3 and Q4 2023, with pretax margins of 9.17% and 10.81% respectively, the levels are still below the highs seen in 2022.
Overall, the trend in Celanese Corp's pretax margin suggests a degree of volatility, highlighting the importance of monitoring factors influencing the company's profitability, such as cost control measures, pricing strategies, and operational efficiency initiatives.
Peer comparison
Dec 31, 2023