Rambus Inc (RMBS)
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 | 187,160 | -7,825 | 23,286 | -36,539 | -82,548 |
| Revenue | US$ in thousands | 461,117 | 454,793 | 328,304 | 246,322 | 227,603 |
| Pretax margin | 40.59% | -1.72% | 7.09% | -14.83% | -36.27% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $187,160K ÷ $461,117K
= 40.59%
Over the past five years, Rambus Inc. has displayed a fluctuating trend in its pretax margin. In 2019, the company experienced a significantly negative pretax margin of -38.84%, reflecting operational challenges or inefficiencies. However, Rambus managed to improve its performance in the following years, with positive pretax margins of -14.83% in 2020, 7.09% in 2021, and -1.72% in 2022.
The most notable improvement occurred in 2023, where Rambus achieved a substantial pretax margin of 40.59%, indicating a strong profitability and operational efficiency during this period. This increase suggests that the company successfully managed its costs, increased revenues, or implemented strategies to enhance profitability. Overall, the positive pretax margin in 2023 signifies a significant turnaround for Rambus compared to the preceding years.
Peer comparison
Dec 31, 2023