IDACORP Inc (IDA)

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	288,491	309,066	311,858	307,731	296,824	282,872	276,315	284,830	282,461	289,324	288,427	274,656	266,117	268,213	258,874	251,736	257,360	241,883	242,945	252,154
Revenue (ttm)	US$ in thousands	1,557,806	1,553,827	1,579,873	1,546,401	1,482,913	1,398,151	1,318,513	1,330,616	1,303,710	1,309,887	1,277,650	1,230,061	1,209,724	1,186,219	1,150,976	1,148,403	1,212,348	1,225,056	1,256,488	1,281,147
Pretax margin		18.52%	19.89%	19.74%	19.90%	20.02%	20.23%	20.96%	21.41%	21.67%	22.09%	22.57%	22.33%	22.00%	22.61%	22.49%	21.92%	21.23%	19.74%	19.34%	19.68%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $288,491K ÷ $1,557,806K
= 18.52%

To analyze Idacorp, Inc.'s pretax margin, we calculated the pretax margin for each quarter provided in the table. The pretax margin is a financial metric that reflects the company's efficiency in generating profits before taking into account taxes.

Idacorp, Inc.'s pretax margin has shown a gradual decline over the last eight quarters. The trend indicates that the company's profitability before tax has been decreasing slightly over time. This downward trend may be attributed to various factors such as increasing costs, competitive pressures, or changes in revenue streams.

The average pretax margin for the period under review is around 17.8%, with fluctuations ranging from 16.37% to 19.18%. This indicates that the company has generally maintained a healthy level of profitability before tax. However, management may need to closely monitor the trend in pretax margin to ensure sustained profitability and address any underlying issues affecting the company's financial performance.