Quanex Building Products (NX)
Pretax margin
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 97,046 | 109,763 | 80,094 | 50,300 | -35,954 |
| Revenue | US$ in thousands | 1,130,580 | 1,221,500 | 1,072,150 | 851,573 | 893,841 |
| Pretax margin | 8.58% | 8.99% | 7.47% | 5.91% | -4.02% |
October 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $97,046K ÷ $1,130,580K
= 8.58%
Quanex Building Products Corp's pretax margin, a key profitability ratio, measures the company's ability to generate profits before accounting for taxes. A higher pretax margin indicates better operational efficiency and cost management.
Looking at the trend over the past five years, we observe a consistent improvement in the pretax margin from -4.02% in 2019 to 8.58% in 2023. This indicates that the company has significantly enhanced its profitability and operational efficiency during this period.
The positive trend in the pretax margin demonstrates that Quanex Building Products Corp has effectively managed its expenses, increased its operational efficiency, or possibly improved its pricing strategy. It's important to delve deeper into the company's financial reports and disclosures to understand the specific factors contributing to this positive trend.
Overall, the trend in the pretax margin shows a positive performance for Quanex Building Products Corp, reflecting improved profitability and operational efficiency over the past five years.
Peer comparison
Oct 31, 2023