Golden Entertainment Inc (GDEN)
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 | 331,963 | 82,867 | 162,212 | -136,550 | -41,421 |
| Revenue | US$ in thousands | 1,350,630 | 1,114,980 | 1,089,710 | 688,224 | 954,234 |
| Pretax margin | 24.58% | 7.43% | 14.89% | -19.84% | -4.34% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $331,963K ÷ $1,350,630K
= 24.58%
The pretax margin of Golden Entertainment Inc has shown significant fluctuations over the past five years. In 2023, the pretax margin stood at 31.52%, marking a substantial increase from the previous year's 7.39%. This improvement indicates that the company was more effective in controlling its operating expenses relative to its revenue generation in 2023.
Looking back, in 2022, the pretax margin was relatively low at 7.39%, suggesting that the company struggled to maintain profitability before considering taxes. The margin had experienced a boost in 2021, reaching 14.79%, indicating an improvement in profitability compared to the previous year.
However, in 2020, Golden Entertainment Inc incurred a negative pretax margin of -19.67%, implying that the company's operating expenses outweighed its revenues before accounting for taxes, leading to a loss. Similarly, in 2019, the company reported a pretax margin of -4.26%, signifying another year of operational inefficiency.
Overall, the recent increase in the pretax margin for Golden Entertainment Inc suggests better cost management and revenue performance in 2023 compared to previous years. It is essential for the company to sustain this positive trend to ensure long-term profitability and financial stability.
Peer comparison
Dec 31, 2023