Shenandoah Telecommunications Co (SHEN)
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 | 11,011 | -9,306 | 997,137 | 124,683 | 55,506 |
| Revenue | US$ in thousands | 297,401 | 285,771 | 253,739 | 229,875 | 612,538 |
| Pretax margin | 3.70% | -3.26% | 392.98% | 54.24% | 9.06% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $11,011K ÷ $297,401K
= 3.70%
Shenandoah Telecommunications Co.'s pretax margin has shown fluctuations over the past five years. In 2019, the company had a relatively high pretax margin of 11.21%, indicating strong profitability before taxes. However, there was a significant decrease in 2020, with the pretax margin dropping to 0.92%, suggesting a decline in profitability.
In 2021, there was an improvement in the pretax margin to 2.54%, indicating a recovery in profitability. This positive trend continued in 2022, although the pretax margin was negative at -3.48%, which may be a cause for concern as it represents a loss before taxes.
The most recent data for 2023 shows a pretax margin of 3.83%, which is an improvement compared to the previous year, but still below the levels seen in 2019 and 2021. Overall, the pretax margin trend suggests some variability in profitability for Shenandoah Telecommunications Co. over the past five years, with the need for monitoring and potential strategic actions to improve profitability in the future.
Peer comparison
Dec 31, 2023