Resideo Technologies Inc (REZI)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 313,000 | 282,000 | 341,000 | 378,000 | 418,000 | 450,000 | 451,000 | 401,000 | 353,000 | 348,000 | 333,000 | 199,000 | 101,000 | -6,000 | -80,000 | -38,000 | 71,000 | 119,000 | 93,000 |
| Revenue (ttm) | US$ in thousands | 6,194,000 | 6,209,000 | 6,274,000 | 6,362,000 | 6,308,000 | 6,221,000 | 6,083,000 | 5,875,000 | 5,786,000 | 5,837,000 | 5,720,000 | 5,284,000 | 5,057,000 | 4,860,000 | 4,722,000 | 4,917,000 | 4,937,000 | 4,899,000 | 4,889,000 |
| Pretax margin | 5.05% | 4.54% | 5.44% | 5.94% | 6.63% | 7.23% | 7.41% | 6.83% | 6.10% | 5.96% | 5.82% | 3.77% | 2.00% | -0.12% | -1.69% | -0.77% | 1.44% | 2.43% | 1.90% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $313,000K ÷ $6,194,000K
= 5.05%
The pretax margin of Resideo Technologies Inc has been showing a general downward trend over the past several quarters, declining from 7.34% in Q2 2022 to 5.01% in Q4 2023. This indicates that the company's profitability before accounting for taxes has decreased over time. The decreasing trend suggests that the company may be facing challenges in maintaining or increasing its operating efficiency and controlling its costs. It is important for Resideo Technologies Inc to closely monitor its cost structure and consider strategies to improve its pretax margin to enhance overall profitability.