Cinemark Holdings Inc (CNK)
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 | 218,100 | -622,800 | -526,100 | -341,200 | -268,200 | 182,669 | 68,093 | -144,407 | -439,607 | -770,334 | -952,395 | -1,086,529 | -926,228 | -557,876 | -243,733 | 163,954 | 271,298 | 284,484 | 305,475 | 266,783 |
| Revenue (ttm) | US$ in thousands | 3,234,700 | 2,768,400 | 2,582,100 | 2,379,800 | 2,231,500 | 2,407,057 | 2,153,212 | 1,706,333 | 1,352,964 | 823,049 | 461,972 | 214,925 | 656,796 | 1,347,357 | 2,104,323 | 3,027,775 | 3,203,277 | 3,212,950 | 3,144,471 | 3,067,433 |
| Pretax margin | 6.74% | -22.50% | -20.37% | -14.34% | -12.02% | 7.59% | 3.16% | -8.46% | -32.49% | -93.60% | -206.16% | -505.54% | -141.02% | -41.41% | -11.58% | 5.41% | 8.47% | 8.85% | 9.71% | 8.70% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $218,100K ÷ $3,234,700K
= 6.74%
The pretax margin of Cinemark Holdings Inc has shown fluctuating performance over the past eight quarters. In Q4 2023, the pretax margin improved significantly to 7.22%, indicating that the company's profitability before taxes has increased. This positive trend follows a gradual increase in the pretax margin from Q1 2023 to Q3 2023. However, it is important to note that in the previous quarters, the company experienced challenges with pretax margins in the negative territory, with the lowest being -15.61% in Q1 2022. Overall, the recent improvement in pretax margin suggests that Cinemark Holdings Inc is working towards enhancing its operational efficiency and financial performance.