Century Aluminum Company (CENX)
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 | -57,700 | 33,300 | -197,700 | -126,400 | -89,200 |
| Revenue | US$ in thousands | 2,123,600 | 5,722,400 | 4,157,500 | 1,605,100 | 1,836,600 |
| Pretax margin | -2.72% | 0.58% | -4.76% | -7.87% | -4.86% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-57,700K ÷ $2,123,600K
= -2.72%
Century Aluminum Company's pretax margin has fluctuated over the past five years, ranging from -7.87% in 2020 to 0.58% in 2022. The pretax margin measures the company's profitability before accounting for taxes, indicating the percentage of revenue that translates into pre-tax profits. A negative pretax margin, as observed in 2020, 2021, and 2023, signifies that the company's expenses exceeded its revenues before taxes were taken into account. This could be due to cost inefficiencies, unfavorable pricing dynamics, or other operational challenges. The positive pretax margin in 2022 suggests an improvement in profitability compared to the preceding and succeeding years. Monitoring and analyzing pretax margin trends can provide insights into Century Aluminum Company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2023