Golden Entertainment Inc (GDEN)
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 | 331,963 | 356,662 | 67,444 | 79,694 | 82,867 | 84,721 | 94,464 | 169,476 | 162,212 | 124,394 | 88,493 | -93,665 | -136,556 | -125,655 | -127,929 | -65,315 | -41,416 | -49,237 | -45,336 | -25,093 |
| Revenue (ttm) | US$ in thousands | 1,350,633 | 1,403,326 | 1,118,335 | 1,119,614 | 1,114,981 | 1,116,291 | 1,119,457 | 1,123,725 | 1,089,708 | 1,013,594 | 937,729 | 721,144 | 688,224 | 729,843 | 766,624 | 939,705 | 970,535 | 938,526 | 906,660 | 876,094 |
| Pretax margin | 24.58% | 25.42% | 6.03% | 7.12% | 7.43% | 7.59% | 8.44% | 15.08% | 14.89% | 12.27% | 9.44% | -12.99% | -19.84% | -17.22% | -16.69% | -6.95% | -4.27% | -5.25% | -5.00% | -2.86% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $331,963K ÷ $1,350,633K
= 24.58%
The pretax margin of Golden Entertainment Inc has shown some variability over the past 8 quarters. In Q4 2023, the pretax margin was 31.52%, which decreased slightly from the previous quarter but remained relatively high compared to earlier quarters. This indicates that the company was able to generate higher pre-tax profits relative to its total revenue in the fourth quarter of 2023.
In Q3 2023, the pretax margin was 32.36%, which was higher than the previous quarter, reflecting a more efficient cost management and higher profitability in that period. However, in the second quarter of 2023, the pretax margin dropped to 6.00%, signaling a significant decline in profitability. This suggests potential challenges or inefficiencies that impacted the company's earnings in that quarter.
Similarly, in Q1 2023, the pretax margin was 7.08%, which was a slight improvement from the previous quarter but still relatively low compared to the more recent quarters. It is worth noting that in the same quarter of the previous year (Q1 2022), the pretax margin was higher at 14.99%, indicating a significant decrease in profitability year over year.
Overall, while the pretax margin of Golden Entertainment Inc has shown fluctuations, there appears to be a recent trend of higher pretax margins in the most recent quarters, which may suggest improved profitability and cost management efforts. However, it is important for the company to continue monitoring and addressing factors affecting its profitability to ensure sustained financial performance.
Peer comparison
Dec 31, 2023