Sitime Corporation (SITM)
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 | -80,383 | 23,336 | 32,355 | -9,371 | -6,615 |
| Revenue | US$ in thousands | 143,993 | 283,605 | 218,808 | 116,156 | 84,074 |
| Pretax margin | -55.82% | 8.23% | 14.79% | -8.07% | -7.87% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-80,383K ÷ $143,993K
= -55.82%
SiTime Corp's pretax margin has shown significant fluctuations over the past five years. The pretax margin was negative 55.82% in 2023, indicating that the company incurred significant losses before accounting for taxes. This was a notable decline from the positive pretax margins of 8.23% in 2022 and 14.79% in 2021, suggesting a substantial deterioration in profitability.
In 2020 and 2019, SiTime Corp also reported negative pretax margins of -8.07% and -7.87% respectively, indicating operational challenges and inefficiencies during those years.
Overall, the trend in pretax margin indicates inconsistency in SiTime Corp's ability to generate profits before tax expenses, reflecting potential issues in cost management, pricing strategies, or revenue generation. Further analysis of the company's financial performance and operational efficiency would be necessary to understand the underlying factors driving these fluctuations in pretax margin.
Peer comparison
Dec 31, 2023