Sensata Technologies Holding NV (ST)
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 | 17,842 | 396,702 | 413,917 | 165,641 | 390,423 |
| Revenue | US$ in thousands | 3,876,360 | 3,985,560 | 3,641,520 | 3,045,580 | 3,450,630 |
| Pretax margin | 0.46% | 9.95% | 11.37% | 5.44% | 11.31% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $17,842K ÷ $3,876,360K
= 0.46%
Sensata Technologies Holding Plc's pretax margin has displayed fluctuations over the past five years. In 2023, the pretax margin decreased to a low of 0.44%, representing a significant drop from the previous year's figure of 9.85%. This decline indicates potential challenges in managing operating expenses relative to revenues during the given period. In comparison to 2021, where the pretax margin stood at 10.83%, the recent decrease is even more pronounced. Furthermore, the pretax margin in 2020 was lower at 5.44%, indicating some improvement before the significant decrease in 2023. The highest pretax margin observed was in 2019, reaching 11.31%, highlighting the company's historical ability to generate higher profits before operating expenses. Overall, the downward trend in pretax margin over the past two years may warrant a closer examination of the company's cost structures and revenue generation strategies to ensure sustainable profitability in the future.
Peer comparison
Dec 31, 2023