PC Connection Inc (CNXN)
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 | 113,114 | 105,730 | 103,067 | 110,907 | 121,635 | 128,266 | 123,547 | 112,540 | 96,522 | 86,020 | 79,752 | 66,567 | 73,196 | 82,261 | 93,900 | 115,814 | 112,679 | 111,696 | 98,061 | 90,683 |
| Revenue (ttm) | US$ in thousands | 2,850,161 | 2,886,154 | 2,968,760 | 3,063,722 | 3,124,985 | 3,192,747 | 3,168,423 | 3,044,075 | 2,892,633 | 2,768,107 | 2,669,491 | 2,515,332 | 2,590,290 | 2,631,231 | 2,707,889 | 2,898,963 | 2,820,232 | 2,813,125 | 2,742,333 | 2,707,827 |
| Pretax margin | 3.97% | 3.66% | 3.47% | 3.62% | 3.89% | 4.02% | 3.90% | 3.70% | 3.34% | 3.11% | 2.99% | 2.65% | 2.83% | 3.13% | 3.47% | 4.00% | 4.00% | 3.97% | 3.58% | 3.35% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $113,114K ÷ $2,850,161K
= 3.97%
PC Connection, Inc.'s pretax margin has shown fluctuations over the past eight quarters. The Q4 2023 pretax margin stands at 3.97%, which is relatively higher compared to the preceding two quarters. However, it is lower than the same quarter last year, indicating a slight decline in profitability year over year. The company's pretax margin has ranged between 3.47% and 4.02% over the analyzed period, with Q2 2022 recording the highest margin at 4.02% and Q2 2023 the lowest at 3.47%. Overall, the trend seems to indicate marginal fluctuations in profitability, but sustained focus may be required to enhance and stabilize pretax margins in the future.
Peer comparison
Dec 31, 2023