Genuine Parts Co (GPC)
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 | 1,742,348 | 1,660,938 | 1,613,814 | 1,651,292 | 1,572,602 | 1,581,125 | 1,462,163 | 1,240,203 | 1,200,346 | 1,079,558 | 1,072,862 | 297,948 | 186,871 | -7,155 | -323 | 802,094 | 838,824 | 1,041,985 | 1,034,610 | 1,037,771 |
| Revenue (ttm) | US$ in thousands | 23,026,140 | 23,066,460 | 22,914,730 | 22,701,150 | 22,227,680 | 21,420,010 | 20,566,850 | 19,649,510 | 18,820,380 | 18,268,760 | 17,809,170 | 16,839,300 | 16,932,210 | 16,960,510 | 17,604,750 | 18,717,950 | 18,865,300 | 19,161,370 | 18,870,670 | 18,755,300 |
| Pretax margin | 7.57% | 7.20% | 7.04% | 7.27% | 7.07% | 7.38% | 7.11% | 6.31% | 6.38% | 5.91% | 6.02% | 1.77% | 1.10% | -0.04% | -0.00% | 4.29% | 4.45% | 5.44% | 5.48% | 5.53% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,742,348K ÷ $23,026,140K
= 7.57%
Based on the provided data, Genuine Parts Co.'s pretax margin has shown consistency in recent quarters, with a range varying from 6.30% to 7.55%. The company has managed to maintain a healthy pretax margin above 7% in most quarters, reflecting efficient cost management and revenue generation. Despite slight fluctuations, the pretax margin has generally remained stable, indicating a strong performance in controlling operating expenses and generating profits before taxes. The trend suggests that Genuine Parts Co. has been able to sustain profitability levels and effectively manage its financial operations.