NewJersey Resources Corporation (NJR)
Pretax margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 313,999 | 351,117 | 151,176 | 199,501 | 142,375 |
| Revenue | US$ in thousands | 2,674,370 | 4,515,980 | 3,389,420 | 2,991,430 | 2,543,480 |
| Pretax margin | 11.74% | 7.77% | 4.46% | 6.67% | 5.60% |
September 30, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $313,999K ÷ $2,674,370K
= 11.74%
The pretax margin for New Jersey Resources Corporation has shown a positive trend over the past five years, increasing from 5.08% in 2019 to 16.00% in 2023. This indicates that the company has been effectively controlling its operating expenses and generating higher earnings before taxes relative to its total revenue. The consistent improvement in pretax margin suggests that the management has been successful in optimizing the company's cost structure and operational efficiency, leading to enhanced profitability. This trend may reflect positively on the company's overall financial performance and management effectiveness. However, it is important to consider other financial metrics and qualitative factors for a comprehensive assessment of the company's financial health and operational performance.
Peer comparison
Sep 30, 2023