Church & Dwight Company Inc (CHD)
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 | 967,400 | 523,300 | 1,031,700 | 973,800 | 773,700 |
| Revenue | US$ in thousands | 5,867,900 | 5,375,600 | 5,190,100 | 4,895,800 | 4,357,700 |
| Pretax margin | 16.49% | 9.73% | 19.88% | 19.89% | 17.75% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $967,400K ÷ $5,867,900K
= 16.49%
The pretax margin of Church & Dwight Co., Inc. has varied over the past five years. In 2023, the pretax margin increased significantly to 16.49% from 9.73% in 2022. This improvement indicates better profitability before accounting for taxes, potentially resulting from effective cost management or revenue growth.
Comparing 2023 to 2021, there was a notable decrease in the pretax margin from 19.88% to 16.49%. This decline suggests that the company's profitability took a hit in 2023 compared to the previous year. Further investigation would be needed to understand the specific factors contributing to this decrease.
In 2020 and 2019, Church & Dwight Co., Inc. maintained relatively stable pretax margins of 19.89% and 17.75%, respectively. This stability indicates consistent profitability performance over those years.
Overall, the pretax margin trend for Church & Dwight Co., Inc. fluctuated over the five-year period, with noticeable changes in profitability from year to year. Understanding the reasons behind these fluctuations can provide insights into the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2023