California Water Service Group (CWT)

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	45,130	43,526	66,191	76,144	102,386	86,520	88,747	108,173	105,217	119,191	165,209	131,223	108,791	106,374	50,302	65,375	80,779	82,453	75,819	72,879
Revenue (ttm)	US$ in thousands	747,613	735,174	747,860	761,503	804,187	797,818	769,379	775,750	750,020	819,771	805,304	766,295	755,324	656,603	650,604	644,504	626,578	622,617	615,748	621,513
Pretax margin		6.04%	5.92%	8.85%	10.00%	12.73%	10.84%	11.53%	13.94%	14.03%	14.54%	20.52%	17.12%	14.40%	16.20%	7.73%	10.14%	12.89%	13.24%	12.31%	11.73%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $45,130K ÷ $747,613K
= 6.04%

The pretax margin for California Water Service Group has shown variability over the past eight quarters, ranging from a low of 4.72% in Q3 2023 to a high of 12.72% in Q1 2022. The most recent pretax margin in Q4 2023 is 6.47%, which is higher than the previous quarter but lower compared to earlier periods. This indicates that the company's ability to generate profit before taxes has fluctuated, possibly influenced by changes in operating expenses, revenues, and other factors. Further analysis of the company's financial performance and trends in pretax margin may provide insights into its overall profitability and operational efficiency.