Healthcare Services Group Inc (HCSG)
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 | 53,056 | 42,073 | 50,017 | 46,857 | 45,082 | 26,711 | 37,839 | 44,652 | 61,823 | 94,996 | 120,007 | 135,356 | 129,186 | 120,197 | 106,781 | 99,986 | 85,096 | 94,232 | 103,498 | 113,197 |
| Revenue (ttm) | US$ in thousands | 1,664,939 | 1,662,797 | 1,671,964 | 1,678,501 | 1,690,839 | 1,688,983 | 1,688,540 | 1,662,128 | 1,641,959 | 1,644,689 | 1,665,046 | 1,718,904 | 1,760,303 | 1,784,086 | 1,803,745 | 1,813,817 | 1,840,878 | 1,890,326 | 1,941,491 | 1,983,022 |
| Pretax margin | 3.19% | 2.53% | 2.99% | 2.79% | 2.67% | 1.58% | 2.24% | 2.69% | 3.77% | 5.78% | 7.21% | 7.87% | 7.34% | 6.74% | 5.92% | 5.51% | 4.62% | 4.98% | 5.33% | 5.71% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $53,056K ÷ $1,664,939K
= 3.19%
The pretax margin of Healthcare Services Group, Inc. has shown variability over the past eight quarters. In Q4 2023, the pretax margin was 3.17%, which indicates that the company retained approximately 3.17% of its revenue as profit before taxes. This represented an increase compared to the preceding quarters in 2023.
The pretax margin fluctuated between 1.58% to 3.17% over the past eight quarters, with the lowest margin recorded in Q3 2022 and the highest in Q4 2023. This variability suggests that the company's profitability before taxes has not been consistent, and factors such as operational efficiency, cost management, and revenue generation may have played a role in these fluctuations.
Overall, monitoring the pretax margin trend over time can provide valuable insights into Healthcare Services Group, Inc.'s financial performance and efficiency in generating profits before accounting for tax expenses.