Haynes International Inc (HAYN)
Pretax margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 51,902 | 57,614 | -9,783 | -7,498 | 13,370 |
| Revenue | US$ in thousands | 581,578 | 487,791 | 336,228 | 379,029 | 488,561 |
| Pretax margin | 8.92% | 11.81% | -2.91% | -1.98% | 2.74% |
September 30, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $51,902K ÷ $581,578K
= 8.92%
The pretax margin of Haynes International Inc. has demonstrated fluctuations over the past five years. In Sep 30, 2023, the pretax margin was 8.80%, which is a decrease from the previous year's 11.75%. This may indicate a decline in the company's ability to generate profit before taxes relative to its revenue. The pretax margin was negative in both Sep 30, 2021 and Sep 30, 2020, suggesting that the company incurred losses before tax during those periods. However, it rebounded to a positive 2.73% in Sep 30, 2019. This trend shows a degree of volatility in the company's financial performance, indicating the need for a closer examination of the factors influencing its profitability.
Peer comparison
Sep 30, 2023