Healthcare Services Group Inc (HCSG)
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 | 53,056 | 45,082 | 61,823 | 129,186 | 85,096 |
| Revenue | US$ in thousands | 1,664,880 | 1,690,840 | 1,641,960 | 1,760,300 | 1,837,420 |
| Pretax margin | 3.19% | 2.67% | 3.77% | 7.34% | 4.63% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $53,056K ÷ $1,664,880K
= 3.19%
The pretax margin of Healthcare Services Group, Inc. has fluctuated over the past five years. In 2023, the pretax margin was 3.17%, showing a slight improvement from the previous year's 2.67%. However, there was a decrease compared to 2021 when the pretax margin was 3.77%. The most significant difference is noted when comparing the latest pretax margin to that of 2020, where it stood at 7.34%. Furthermore, the pretax margin in 2019 was 4.62%. This trend indicates some variability in the company's ability to generate profits before tax expenses in recent years, potentially highlighting changing operational efficiencies or economic conditions impacting the company's financial performance.