Fresh Del Monte Produce Inc (FDP)
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 | 6,700 | 118,700 | 82,000 | 54,200 | 87,900 |
| Revenue | US$ in thousands | 4,320,700 | 4,442,300 | 4,252,000 | 4,202,300 | 4,489,000 |
| Pretax margin | 0.16% | 2.67% | 1.93% | 1.29% | 1.96% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $6,700K ÷ $4,320,700K
= 0.16%
The pretax margin of Fresh Del Monte Produce Inc has experienced fluctuations over the past five years. In 2023, the pretax margin decreased to 0.16%, a significant decline from 2.67% in 2022. This decrease indicates a reduced profitability before accounting for taxes in the most recent year. Comparing to prior years, the pretax margin in 2023 is lower than in 2021 (1.93%) and 2019 (1.96%), but higher than in 2020 (1.29%). It is essential for the company to closely monitor and manage its costs and revenue generation to improve the pretax margin in the future and enhance overall financial performance.
Peer comparison
Dec 31, 2023