Hasbro Inc (HAS)
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 | -1,710,600 | -629,600 | -247,300 | 162,100 | 262,000 | 511,800 | 666,900 | 525,600 | 575,300 | 627,573 | 605,973 | 521,173 | 319,173 | 480,405 | 440,051 | 490,859 | 594,254 | 290,321 | 326,369 | 388,385 |
| Revenue (ttm) | US$ in thousands | 5,003,300 | 5,392,900 | 5,565,400 | 5,694,600 | 5,856,700 | 6,191,600 | 6,485,700 | 6,468,700 | 6,420,400 | 6,129,970 | 5,936,590 | 5,474,669 | 5,465,439 | 5,170,479 | 4,969,029 | 5,093,287 | 4,720,227 | 4,681,377 | 4,675,897 | 4,595,818 |
| Pretax margin | -34.19% | -11.67% | -4.44% | 2.85% | 4.47% | 8.27% | 10.28% | 8.13% | 8.96% | 10.24% | 10.21% | 9.52% | 5.84% | 9.29% | 8.86% | 9.64% | 12.59% | 6.20% | 6.98% | 8.45% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-1,710,600K ÷ $5,003,300K
= -34.19%
The pretax margin of Hasbro, Inc. has shown a declining trend over the past eight quarters. In Q4 2023, the pretax margin was -34.16%, indicating that the company incurred significant pre-tax losses during that period. This steep decline from the previous quarter's pretax margin of -11.65% highlights a deterioration in the company's profitability.
Comparing Q4 2023 to Q1 2022, where the pretax margin was 8.23%, it is evident that Hasbro's profitability has significantly worsened over this period. The company experienced a reversal from a positive pretax margin to significant losses, which could be concerning for investors and stakeholders.
Overall, the downward trend in the pretax margin of Hasbro, Inc. suggests potential challenges in managing costs, pricing strategies, or revenue generation. It may be crucial for the company to address these issues to improve profitability and sustainable financial performance in the future.