R1 RCM Inc (RCM)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||
|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 21,000 | -26,700 | -54,700 | -98,300 |
| Revenue (ttm) | US$ in thousands | 2,252,500 | 2,210,500 | 2,352,200 | 2,406,800 |
| Pretax margin | 0.93% | -1.21% | -2.33% | -4.08% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $21,000K ÷ $2,252,500K
= 0.93%
The pretax margin of R1 RCM Inc. has experienced fluctuations in recent quarters. In Q4 2023, the company's pretax margin stood at 0.93%, indicating a slight profitability before accounting for taxes. However, in the previous quarter, Q3 2023, the pretax margin was -1.33%, representing a loss before taxes.
Looking further back, the pretax margin was negative in Q2 2023 at -2.82% and Q1 2023 at -4.91%, indicating declining profitability or potential operational inefficiencies during those periods. In comparison, the pretax margin was also negative in Q4 2022 at -3.38%.
On a positive note, the company showed positive pretax margins in the earlier quarters of 2022, with 1.02% in Q3 2022, 4.07% in Q2 2022, and 8.72% in Q1 2022. These results suggest that the company had achieved profitability before taxes earlier in the year.
Overall, the fluctuating pretax margins of R1 RCM Inc. reflect varying levels of profitability and operational performance in recent quarters, indicating the need for further analysis to understand the underlying factors influencing these fluctuations.
Peer comparison
Dec 31, 2023