Exelixis Inc (EXEL)
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 | 257,521 | 234,352 | 294,154 | 130,837 | 398,109 |
| Revenue | US$ in thousands | 1,830,210 | 1,611,060 | 1,434,970 | 987,538 | 967,775 |
| Pretax margin | 14.07% | 14.55% | 20.50% | 13.25% | 41.14% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $257,521K ÷ $1,830,210K
= 14.07%
Exelixis Inc's pretax margin has exhibited some fluctuations over the past five years. In 2023, the pretax margin stood at 14.07%, showing a slight decrease from 14.55% in the previous year. However, it was notably lower compared to the levels seen in 2021 (20.50%) and 2019 (41.14%). The pretax margin in 2020 was 13.25%.
The pretax margin measures the company's efficiency in managing its operating expenses in relation to its revenue before taking into account taxes. Exelixis Inc may need to focus on optimizing its cost structure and improving operational efficiency to enhance its pretax margin and overall profitability in the future.
Peer comparison
Dec 31, 2023