Hasbro Inc (HAS)
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 | -1,710,600 | 262,000 | 575,300 | 319,200 | 594,300 |
| Revenue | US$ in thousands | 5,003,300 | 5,856,700 | 6,420,400 | 5,465,400 | 4,720,200 |
| Pretax margin | -34.19% | 4.47% | 8.96% | 5.84% | 12.59% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-1,710,600K ÷ $5,003,300K
= -34.19%
The pretax margin of Hasbro, Inc. has shown significant fluctuations over the past five years. In particular, the pretax margin decreased to -34.16% in 2023 from 4.46% in 2022, indicating a substantial deterioration in the company's profitability before accounting for taxes. This decline may suggest operational challenges or adverse financial performance. However, it is crucial to conduct further analysis to understand the specific factors driving this negative trend and to assess the company's overall financial health and performance.