Chuy's Holdings Inc (CHUY)
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 | 36,920 | 23,208 | 34,258 | -8,801 | 3,314 |
| Revenue | US$ in thousands | 461,310 | 422,215 | 396,467 | 320,952 | 426,357 |
| Pretax margin | 8.00% | 5.50% | 8.64% | -2.74% | 0.78% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $36,920K ÷ $461,310K
= 8.00%
Chuy`s Holdings Inc's pretax margin has shown fluctuations over the past five years. In 2023, the pretax margin improved to 8.00% from 5.50% in 2022, indicating the company's ability to generate more profit before taxes relative to its revenue. This may suggest improved cost management or increased revenue streams.
Comparing 2023 to 2021, the pretax margin decreased from 8.64% to 8.00%, although it still remained at a relatively healthy level. This slight decrease could be a result of changes in expenses or revenue during the year.
In 2020, Chuy`s reported a negative pretax margin of -2.74%, indicating that the company incurred more expenses than it generated in revenue before taxes. This could be a concerning sign for investors and creditors as it may indicate financial difficulties or inefficiencies in operations during that period.
Finally, in 2019, the pretax margin was 0.78%, which suggests a marginal profitability level. Understanding the trend in pretax margin over the years can provide insights into the company's operational efficiency and overall financial health.
Peer comparison
Dec 31, 2023