Dorman Products Inc (DORM)
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 | 168,503 | 156,201 | 169,766 | 135,736 | 105,807 |
| Revenue | US$ in thousands | 1,881,730 | 1,718,170 | 1,343,090 | 1,095,250 | 991,329 |
| Pretax margin | 8.95% | 9.09% | 12.64% | 12.39% | 10.67% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $168,503K ÷ $1,881,730K
= 8.95%
Dorman Products Inc's pretax margin has shown some fluctuation over the past five years. The lowest pretax margin was recorded in 2023 at 8.73%, while the highest was in 2021 at 12.62%. Generally, a higher pretax margin indicates that the company is able to generate more profit before taxes for every dollar of revenue earned. However, the decreasing trend in pretax margin from 2021 to 2023 may indicate potential challenges in maintaining profitability or controlling costs during this period. Further analysis of the company's cost structure and revenue composition may provide insights into the factors contributing to the fluctuations in pretax margin.
Peer comparison
Dec 31, 2023