Rambus Inc (RMBS)
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 | 187,128 | 140,724 | 36,965 | 61,360 | -7,826 | -16,459 | -15,149 | -39,302 | 23,286 | 5,007 | -11,274 | -34,051 | -36,474 | -32,911 | -40,009 | -63,637 | -84,374 | -77,717 | -74,222 | -57,986 |
| Revenue (ttm) | US$ in thousands | 461,117 | 461,259 | 468,205 | 469,505 | 454,793 | 424,207 | 393,245 | 356,972 | 328,304 | 298,436 | 274,069 | 250,927 | 246,322 | 246,144 | 248,416 | 244,996 | 227,603 | 234,431 | 231,022 | 224,549 |
| Pretax margin | 40.58% | 30.51% | 7.90% | 13.07% | -1.72% | -3.88% | -3.85% | -11.01% | 7.09% | 1.68% | -4.11% | -13.57% | -14.81% | -13.37% | -16.11% | -25.97% | -37.07% | -33.15% | -32.13% | -25.82% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $187,128K ÷ $461,117K
= 40.58%
The pretax margin of Rambus Inc. has displayed significant variability over the past eight quarters. In Q4 2023, the pretax margin stood at 40.59%, indicating that the company retained 40.59% of its revenue as pre-tax profit after covering all expenses. This represents a substantial improvement compared to the third quarter of 2023, where the pretax margin was 30.52%.
The pretax margin had experienced a notable decline in Q3 2022 and Q4 2022, recording negative figures of -3.88% and -1.72%, respectively. However, the margin improved in subsequent quarters and reached positive territory in the first quarter of 2023.
The most significant increase in the pretax margin occurred between Q2 2023 and Q4 2023, where it rose from 7.90% to 40.59%. This improvement may indicate enhanced operational efficiency, cost management, or increased revenues during that period.
Overall, the trend in Rambus Inc.'s pretax margin suggests fluctuations in the company's profitability performance. It is essential for stakeholders to monitor and analyze these variations to assess the company's operational effectiveness and financial health accurately.
Peer comparison
Dec 31, 2023