Resideo Technologies Inc (REZI)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 313,000 | 418,000 | 353,000 | 101,000 | 71,000 |
| Revenue | US$ in thousands | 6,177,000 | 6,308,000 | 5,786,000 | 10,080,000 | 9,917,000 |
| Pretax margin | 5.07% | 6.63% | 6.10% | 1.00% | 0.72% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $313,000K ÷ $6,177,000K
= 5.07%
The pretax margin of Resideo Technologies Inc has fluctuated over the past five years. In 2023, the pretax margin was 5.01%, down from 6.56% in 2022 but still above the levels seen in 2021 (6.04%), 2020 (1.99%), and 2019 (1.42%). This indicates that the company's ability to generate profits before accounting for taxes has varied, with a noticeable decline in 2023 compared to the prior year. Further analysis would be required to understand the factors driving these changes in pretax margin and to assess the overall financial performance and efficiency of Resideo Technologies Inc.