Fresh Del Monte Produce Inc (FDP)
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 | 6,700 | 144,500 | 168,600 | 135,700 | 118,800 | 76,000 | 34,100 | 60,000 | 82,100 | 96,900 | 124,500 | 94,600 | 54,200 | 33,300 | 32,000 | 56,500 | 87,900 | 81,000 | 39,200 | -8,900 |
| Revenue (ttm) | US$ in thousands | 4,320,700 | 4,352,100 | 4,402,500 | 4,433,900 | 4,442,300 | 4,419,600 | 4,370,900 | 4,300,600 | 4,252,000 | 4,237,000 | 4,221,900 | 4,172,600 | 4,202,300 | 4,225,200 | 4,305,700 | 4,452,800 | 4,489,000 | 4,509,700 | 4,509,000 | 4,542,000 |
| Pretax margin | 0.16% | 3.32% | 3.83% | 3.06% | 2.67% | 1.72% | 0.78% | 1.40% | 1.93% | 2.29% | 2.95% | 2.27% | 1.29% | 0.79% | 0.74% | 1.27% | 1.96% | 1.80% | 0.87% | -0.20% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $6,700K ÷ $4,320,700K
= 0.16%
Fresh Del Monte Produce Inc's pretax margin has shown some fluctuations over the periods provided. The trend indicates some variability in the company's ability to generate profit before taxes relative to its revenue. The pretax margin ranged from a low of -0.20% on Dec 31, 2019, to a high of 3.83% on Jun 30, 2023.
Overall, the company's pretax margin has improved in recent quarters, with three out of the four most recent periods showing values above 3%. This improvement suggests that Fresh Del Monte Produce Inc has been more efficient in managing its expenses and generating profitability from its operations. However, the company should continue to monitor this metric closely to ensure consistent and sustainable performance.
Peer comparison
Dec 31, 2023