Cohu Inc (COHU)

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	45,816	72,424	98,863	119,510	126,715	117,886	113,936	189,025	192,344	190,328	153,673	36,315	-13,135	-48,910	-52,571	-68,207	-72,782	-115,293	-98,997	-64,642
Revenue (ttm)	US$ in thousands	629,363	683,338	741,439	791,525	809,990	809,089	824,680	925,739	948,812	964,541	892,945	714,217	627,430	567,086	556,311	560,509	568,943	597,569	543,374	501,974
Pretax margin		7.28%	10.60%	13.33%	15.10%	15.64%	14.57%	13.82%	20.42%	20.27%	19.73%	17.21%	5.08%	-2.09%	-8.62%	-9.45%	-12.17%	-12.79%	-19.29%	-18.22%	-12.88%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $45,816K ÷ $629,363K
= 7.28%

The pretax margin of Cohu Inc has shown fluctuating trends over the periods analyzed. The margin has ranged from negative values in some quarters to positive values in others. The highest pretax margin was recorded in March 2022 at 20.42%, while the lowest was in March 2020 at -12.17%. Overall, there seems to be an improvement in the pretax margin performance in recent quarters, with an increasing trend from 5.08% in March 2021 to 15.10% in March 2023. It is important for Cohu Inc to monitor and maintain this positive trend to ensure sustained profitability.

Peer comparison

Dec 31, 2023

Company name

Symbol

Pretax margin

Cohu Inc

COHU

7.28%

Agilent Technologies Inc