Diodes Incorporated (DIOD)
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 | 274,467 | 387,968 | 307,570 | 119,200 | 197,381 |
| Revenue | US$ in thousands | 1,652,820 | 1,998,010 | 1,795,390 | 1,207,620 | 1,261,930 |
| Pretax margin | 16.61% | 19.42% | 17.13% | 9.87% | 15.64% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $274,467K ÷ $1,652,820K
= 16.61%
Diodes, Inc.'s pretax margin has shown some fluctuation over the past five years, ranging from a low of 9.79% in 2020 to a high of 19.79% in 2022. The pretax margin decreased to 16.73% in 2023, reflecting a slight decline from the previous year. This metric indicates that, on average, the company retains around 16.73% of its revenue as pre-tax profit after accounting for all operating expenses. The downward trend in 2023 could be attributed to various factors such as changes in costs, pricing strategies, or overall economic conditions impacting the company's profitability. Further analysis of the company's cost structure and revenue-generating activities may provide insights into the reasons behind this decline and help assess the overall financial health and performance of Diodes, Inc.
Peer comparison
Dec 31, 2023