SJW Corporation (SJW)
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 | 90,943 | 82,324 | 68,847 | 69,895 | 31,857 |
| Revenue | US$ in thousands | 670,363 | 620,698 | 573,686 | 564,526 | 420,482 |
| Pretax margin | 13.57% | 13.26% | 12.00% | 12.38% | 7.58% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $90,943K ÷ $670,363K
= 13.57%
The pretax margin of SJW Group has shown a positive trend over the past five years, indicating the company's ability to generate profits before accounting for taxes relative to its revenue. The pretax margin increased from 7.63% in 2019 to 13.57% in 2023, reflecting improving operational efficiency and cost management.
Although there was a slight decrease in 2022 compared to 2023, the company managed to maintain a relatively high level of pretax margin above 12% in the past three years. This suggests that SJW Group has been effective in controlling its operating expenses and maximizing its profitability. Overall, the increasing trend in pretax margin demonstrates the company's strong financial performance and potentially sound business operations.
Peer comparison
Dec 31, 2023