SJW Corporation (SJW)

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	90,943	108,502	92,976	90,128	82,324	65,216	61,776	71,931	68,847	60,056	68,910	68,760	69,895	51,623	32,995	26,794	31,857	48,988	56,836	56,045
Revenue (ttm)	US$ in thousands	670,363	670,399	641,537	633,692	620,698	589,061	580,003	583,203	573,686	569,649	568,589	563,557	564,526	554,664	502,798	458,554	420,482	393,362	404,218	400,339
Pretax margin		13.57%	16.18%	14.49%	14.22%	13.26%	11.07%	10.65%	12.33%	12.00%	10.54%	12.12%	12.20%	12.38%	9.31%	6.56%	5.84%	7.58%	12.45%	14.06%	14.00%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $90,943K ÷ $670,363K
= 13.57%

The pretax margin of SJW Group has exhibited fluctuations over the past eight quarters. In the most recent quarter, Q4 2023, the pretax margin stood at 13.57%, which was a decrease from the previous quarter's margin of 16.18% in Q3 2023. Prior to Q4 2023, the company saw a gradual increase in pretax margin from Q1 2023 to Q3 2023.

Comparing the Q4 2023 pretax margin to the same quarter in the previous year, there has been a slight improvement, as Q4 2022 reported a margin of 13.26%. This indicates a positive trend in the company's profitability before taxes. However, to better understand the overall trend and performance of SJW Group, it would be beneficial to analyze additional financial metrics and factors influencing the changes in pretax margin over time.