MGP Ingredients Inc (MGPI)
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 | 142,091 | 140,762 | 121,586 | 52,601 | 45,937 |
| Revenue | US$ in thousands | 829,876 | 776,907 | 622,687 | 393,353 | 361,687 |
| Pretax margin | 17.12% | 18.12% | 19.53% | 13.37% | 12.70% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $142,091K ÷ $829,876K
= 17.12%
The pretax margin of MGP Ingredients, Inc. has exhibited some fluctuations over the past five years. It decreased from 12.66% in 2019 to 13.30% in 2020, reflecting a slight decline. However, there was a noticeable improvement in 2021, with the pretax margin increasing to 19.32%. Subsequently, in 2022, there was a decrease to 17.92%, and another decline to 16.94% in 2023.
Overall, the pretax margin of MGP Ingredients, Inc. has shown some variability, with the company's profitability before taxes being highest in 2021 and experiencing fluctuations in the following years. Further analysis of the company's financial performance and cost management strategies may be needed to understand the reasons behind these fluctuations and the potential impact on the company's overall financial health.