RadNet Inc (RDNT)
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 | 11,517 | 13,984 | -7,920 | -4,367 | 20,012 | 16,876 | 35,524 | 29,963 | 36,412 | 50,090 | 38,567 | 17,751 | -13,946 | -12,757 | -17,743 | 5,194 | 20,970 | 34,595 | 37,466 | 37,509 |
| Revenue (ttm) | US$ in thousands | 1,616,630 | 1,580,123 | 1,528,199 | 1,478,859 | 1,430,062 | 1,379,335 | 1,361,981 | 1,341,524 | 1,315,076 | 1,289,862 | 1,248,948 | 1,105,596 | 1,071,841 | 1,064,746 | 1,065,662 | 1,164,193 | 1,154,178 | 1,110,549 | 1,060,005 | 1,015,303 |
| Pretax margin | 0.71% | 0.88% | -0.52% | -0.30% | 1.40% | 1.22% | 2.61% | 2.23% | 2.77% | 3.88% | 3.09% | 1.61% | -1.30% | -1.20% | -1.66% | 0.45% | 1.82% | 3.12% | 3.53% | 3.69% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $11,517K ÷ $1,616,630K
= 0.71%
Radnet Inc's pretax margin has shown fluctuation over the past eight quarters. In Q4 2023, the pretax margin was 2.40%, a slight decrease from the previous quarter's 2.49%. However, it remains higher compared to Q1 and Q2 2023, which were 1.35% and 1.09%, respectively.
Comparing with the same quarter in the previous year, the pretax margin in Q4 2023 decreased from 3.00% in Q4 2022. This indicates a decline in profitability over the year.
Looking back at previous quarters, the pretax margin was highest in Q2 2022 at 4.17%, followed by Q1 2022 at 3.77%. The recent downward trend in pretax margin may suggest potential challenges in managing costs or generating revenues efficiently. The company may need to closely monitor and address factors impacting profitability to improve its financial performance in the future.
Peer comparison
Dec 31, 2023