California Water Service Group (CWT)
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 | 45,130 | 102,386 | 105,217 | 108,849 | 80,787 |
| Revenue | US$ in thousands | 747,613 | 804,187 | 749,273 | 755,324 | 626,488 |
| Pretax margin | 6.04% | 12.73% | 14.04% | 14.41% | 12.90% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $45,130K ÷ $747,613K
= 6.04%
The pretax margin of California Water Service Group has shown a declining trend over the past five years, with the ratio decreasing from 11.31% in 2019 to 6.47% in 2023. This indicates that the company's ability to generate profits before taxes relative to its revenue has weakened over this period. The decreasing pretax margin may suggest rising costs, lower revenue growth, or other factors impacting the company's profitability. Further analysis of the company's cost structure and revenue sources would be needed to better understand the reasons behind this trend and evaluate its implications for the company's financial performance.
Peer comparison
Dec 31, 2023