Mattel Inc (MAT)
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 | 483,827 | 529,764 | 482,606 | 189,128 | -160,426 |
| Revenue | US$ in thousands | 5,304,060 | 5,229,410 | 5,085,750 | 4,366,490 | 4,303,160 |
| Pretax margin | 9.12% | 10.13% | 9.49% | 4.33% | -3.73% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $483,827K ÷ $5,304,060K
= 9.12%
The pretax margin of Mattel Inc has shown fluctuations over the past five years.
The company's pretax margin was positive in all years, with the highest pretax margin recorded in 2022 at 10.13% and the lowest in 2019 at -3.73%.
The pretax margin indicates the percentage of each dollar of revenue that is kept as pre-tax profit after all expenses have been deducted. Mattel Inc's improving pretax margin trend from 2019 to 2022 suggests better cost management and operational efficiency.
However, there was a slight decline in the pretax margin in 2023, which may indicate increased expenses or a change in revenue mix compared to the previous year. It would be important to further analyze the company's cost structure and revenue streams to understand the factors driving the change in pretax margin.