Dana Inc (DAN)
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 | 159,000 | 233,000 | 124,000 | 65,000 | 42,000 | 45,000 | 170,000 | 211,000 | 269,000 | 292,000 | 285,000 | 78,000 | 27,000 | 43,000 | 98,000 | 118,000 | 194,000 | 217,000 | 227,000 | 467,000 |
| Revenue (ttm) | US$ in thousands | 10,387,000 | 10,468,000 | 10,344,000 | 10,194,000 | 10,032,000 | 9,746,000 | 9,417,000 | 9,009,000 | 8,787,000 | 8,656,000 | 8,436,000 | 7,337,000 | 7,009,000 | 6,882,000 | 7,060,000 | 8,285,000 | 8,508,000 | 8,503,000 | 8,322,000 | 8,081,000 |
| Pretax margin | 1.53% | 2.23% | 1.20% | 0.64% | 0.42% | 0.46% | 1.81% | 2.34% | 3.06% | 3.37% | 3.38% | 1.06% | 0.39% | 0.62% | 1.39% | 1.42% | 2.28% | 2.55% | 2.73% | 5.78% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $159,000K ÷ $10,387,000K
= 1.53%
Dana Inc's pretax margin has shown fluctuations over the past eight quarters. In Q4 2023, the pretax margin was 1.60%, representing a decrease from the previous quarter's margin of 2.33% in Q3 2023. Despite the decline, the pretax margin remained positive, indicating the company's ability to generate profits before accounting for taxes.
In Q2 2023, Dana Inc's pretax margin reached its lowest point at 0.54%, reflecting a significant decrease from the previous quarter. The company faced challenges in maintaining profitability during this period. The negative pretax margin of -0.06% in Q1 2023 further highlights the struggles the company experienced in generating pre-tax profits.
Comparing the recent quarters to the same periods in the previous year, Dana Inc has made improvements in its pretax margin. In Q4 2022 and Q3 2022, the company reported negative pretax margins of -0.27% and -0.21%, respectively. However, in Q2 2022 and Q1 2022, Dana Inc demonstrated stronger performance with pretax margins of 1.90% and 2.40%, respectively.
Overall, Dana Inc's pretax margin has shown volatility in recent quarters, with fluctuations impacting the company's ability to generate profits before taxes. It is essential for the company to maintain a positive pretax margin and work towards improving profitability to ensure sustainable financial performance in the future.
Peer comparison
Dec 31, 2023