Haverty Furniture Companies Inc (HVT)
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 | 72,712 | 86,713 | 96,389 | 109,219 | 119,501 | 119,096 | 118,390 | 118,891 | 118,535 | 117,710 | 110,339 | 99,795 | 76,731 | 53,049 | 36,686 | 26,298 | 28,723 | 33,469 | 36,504 | 36,677 |
| Revenue (ttm) | US$ in thousands | 867,572 | 935,649 | 988,559 | 1,034,657 | 1,047,913 | 1,033,296 | 1,018,756 | 1,015,444 | 1,012,971 | 988,370 | 945,498 | 805,218 | 748,317 | 720,815 | 712,863 | 795,327 | 803,272 | 798,403 | 799,078 | 805,167 |
| Pretax margin | 8.38% | 9.27% | 9.75% | 10.56% | 11.40% | 11.53% | 11.62% | 11.71% | 11.70% | 11.91% | 11.67% | 12.39% | 10.25% | 7.36% | 5.15% | 3.31% | 3.58% | 4.19% | 4.57% | 4.56% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $72,712K ÷ $867,572K
= 8.38%
The pretax margin of Haverty Furniture Cos., Inc. has shown a decreasing trend over the past year. In Q4 2022, the pretax margin was at its highest at 11.41%, but it has gradually declined to 8.43% in Q4 2023. This decline indicates that the company's profitability before accounting for taxes has been diminishing over the quarters. It is crucial for the company to closely monitor and analyze the factors contributing to this trend and take corrective actions to improve its profit margins in the future.
Peer comparison
Dec 31, 2023