Hilton Grand Vacations Inc (HGV)
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 | 449,000 | 433,000 | 501,000 | 500,000 | 481,000 | 511,366 | 455,071 | 353,071 | 269,071 | -74,295 | -233,847 | -285,847 | -263,847 | 31,153 | 113,000 | 207,000 | 273,000 | 360,000 | 346,000 | 438,000 |
| Revenue (ttm) | US$ in thousands | 3,978,000 | 3,951,000 | 4,049,000 | 3,990,000 | 3,835,000 | 3,681,000 | 3,493,000 | 2,879,000 | 2,335,000 | 1,709,000 | 989,000 | 778,000 | 894,000 | 1,150,000 | 1,408,000 | 1,739,000 | 1,838,000 | 2,012,000 | 1,973,000 | 2,082,000 |
| Pretax margin | 11.29% | 10.96% | 12.37% | 12.53% | 12.54% | 13.89% | 13.03% | 12.26% | 11.52% | -4.35% | -23.64% | -36.74% | -29.51% | 2.71% | 8.03% | 11.90% | 14.85% | 17.89% | 17.54% | 21.04% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $449,000K ÷ $3,978,000K
= 11.29%
The pretax margin measures the efficiency and profitability of Hilton Grand Vacations Inc in generating profits before taxes from its operations. Looking at the data provided, we observe fluctuations in the pretax margin over the past eight quarters.
In Q4 2023, Hilton Grand Vacations Inc reported a pretax margin of 11.29%, which was slightly lower than the previous quarter's value of 10.96% in Q3 2023. This decrease might indicate a potential decrease in operating efficiency or an increase in expenses during the quarter.
Comparing the recent quarters, in Q3 and Q2 of 2023, the pretax margin was 10.96% and 12.37%, respectively. Despite the slight decrease in Q3, the company managed to improve its pretax margin in Q2, potentially through cost-cutting measures or increased revenue generation.
When looking at the Q1 2023 pretax margin of 12.53%, it showed a slight decline compared to the same quarter in the previous year (Q1 2022) where it stood at 12.26%. This implies that Hilton Grand Vacations Inc might have faced challenges in maintaining profitability levels during this period.
Overall, trends in the pretax margin for Hilton Grand Vacations Inc appear to have fluctuated over the past quarters, indicating varying levels of operational efficiency and profitability. It would be beneficial for stakeholders to further investigate the underlying factors driving these fluctuations to assess the company's financial health accurately.