National HealthCare Corporation (NHC)
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 | 90,248 | 29,699 | 149,541 | 52,304 | 88,250 |
| Revenue | US$ in thousands | 1,141,540 | 1,085,740 | 1,074,300 | 1,028,220 | 996,383 |
| Pretax margin | 7.91% | 2.74% | 13.92% | 5.09% | 8.86% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $90,248K ÷ $1,141,540K
= 7.91%
The pretax margin of National Healthcare Corp. has fluctuated over the past five years. In 2023, the pretax margin was 7.82%, showing an improvement from 2022 when it was 2.53%. However, it was lower compared to 2021 when the pretax margin was 14.84%. In 2020, the pretax margin was 5.36%, and in 2019, it was 8.83%. Overall, there have been variations in the company's pretax margin, indicating changes in its profitability before accounting for taxes over the years. It is essential for stakeholders to further investigate the factors contributing to these fluctuations to assess the company's financial performance effectively.
Peer comparison
Dec 31, 2023