Hanesbrands Inc (HBI)
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 | -25,092 | -37,102 | 75,167 | 198,712 | 356,703 | 414,658 | 485,152 | 527,983 | 137,331 | -412,760 | -454,023 | -426,917 | -185,519 | 494,443 | 584,615 | 578,426 | 679,727 | 674,534 | 654,597 | 644,006 |
| Revenue (ttm) | US$ in thousands | 5,636,530 | 5,812,990 | 5,972,420 | 6,046,910 | 6,233,660 | 6,512,720 | 6,631,530 | 6,869,370 | 6,796,660 | 6,733,450 | 6,752,170 | 6,739,640 | 6,550,530 | 6,612,390 | 6,671,090 | 6,693,240 | 6,966,920 | 6,984,220 | 6,965,960 | 6,920,470 |
| Pretax margin | -0.45% | -0.64% | 1.26% | 3.29% | 5.72% | 6.37% | 7.32% | 7.69% | 2.02% | -6.13% | -6.72% | -6.33% | -2.83% | 7.48% | 8.76% | 8.64% | 9.76% | 9.66% | 9.40% | 9.31% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-25,092K ÷ $5,636,530K
= -0.45%
The pretax margin for Hanesbrands Inc has shown fluctuations over the past several quarters. In the most recent quarter, the pretax margin was -0.45%, indicating that the company incurred a pre-tax loss. This was a decrease from the previous quarter, where the pretax margin was -0.64%.
Looking at the trend over the past few quarters, there was a noticeable decline in pretax margin from the beginning of 2022 until mid-2022, reaching a low of -6.72%. However, the margin started to improve in the second half of 2022, with pretax margin increasing to 7.32% by the end of June 2022.
Although there has been some volatility in the pretax margin, it is important to monitor if the company can sustain positive pretax margins in the upcoming quarters to ensure profitability and financial health.