Polaris Industries Inc (PII)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 620,500 | 745,200 | 800,500 | 662,600 | 605,100 | 459,400 | 367,200 | 538,600 | 626,200 | 847,900 | 921,700 | 401,400 | 214,700 | 13,931 | -96,669 | 331,831 | 407,831 | 406,558 | 421,417 | 419,865 |
| Revenue (ttm) | US$ in thousands | 8,809,400 | 8,932,200 | 9,036,300 | 8,899,000 | 8,692,600 | 6,350,200 | 5,978,400 | 6,037,000 | 6,031,600 | 8,138,400 | 8,127,000 | 7,514,400 | 6,963,800 | 6,556,070 | 6,370,680 | 6,635,480 | 6,721,750 | 6,613,000 | 6,492,680 | 6,227,300 |
| Pretax margin | 7.04% | 8.34% | 8.86% | 7.45% | 6.96% | 7.23% | 6.14% | 8.92% | 10.38% | 10.42% | 11.34% | 5.34% | 3.08% | 0.21% | -1.52% | 5.00% | 6.07% | 6.15% | 6.49% | 6.74% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $620,500K ÷ $8,809,400K
= 7.04%
To analyze Polaris Inc's pre-tax margin, we examine the historical trend over the past eight quarters. The pre-tax margin represents the percentage of each dollar of revenue that translates into pre-tax profit.
Looking at the data, we observe a fluctuating trend in the pre-tax margin of Polaris Inc. The pre-tax margin ranged from a low of 6.27% in Q2 2022 to a high of 9.31% in Q1 2023.
The general trend indicates some variability in the company's ability to generate profits before taxes. Quarter-on-quarter, there are fluctuations in the pre-tax margin, suggesting changes in the company's cost structure, pricing strategies, or operational efficiencies.
Overall, Polaris Inc's pre-tax margin has shown some volatility in recent quarters, which could be a reflection of various internal and external factors impacting the company's profitability before taxes. It would be valuable for stakeholders to delve deeper into the company's financial statements and operational performance to understand the drivers behind these fluctuations.