Haverty Furniture Companies Inc (HVT)
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 | 72,711 | 119,501 | 118,535 | 76,731 | 28,724 |
| Revenue | US$ in thousands | 867,570 | 1,048,700 | 1,013,110 | 783,124 | 803,578 |
| Pretax margin | 8.38% | 11.40% | 11.70% | 9.80% | 3.57% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $72,711K ÷ $867,570K
= 8.38%
The pretax margin of Haverty Furniture Companies Inc has displayed some fluctuation over the past five years. It stood at 8.38% as of December 31, 2023, compared to 11.40% in 2022, 11.70% in 2021, 9.80% in 2020, and 3.57% in 2019. The downward trend from 2019 to 2020 was followed by an improvement in 2021 before a slight decline in 2022 and a more significant decrease in 2023. This suggests varying levels of profitability before accounting for taxes, with the company experiencing some challenges in maintaining consistent margins over the years. Additional analysis and context could provide deeper insights into the factors influencing these fluctuations.
Peer comparison
Dec 31, 2023