STAAR Surgical Company (STAA)
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 | 33,696 | 25,936 | 31,767 | 38,744 | 45,552 | 46,547 | 41,346 | 36,592 | 31,304 | 29,124 | 27,129 | 15,798 | 8,267 | 6,450 | 4,217 | 9,878 | 13,026 | 11,364 | 10,021 | 7,611 |
| Revenue (ttm) | US$ in thousands | 322,415 | 310,186 | 305,924 | 294,719 | 284,391 | 279,348 | 261,654 | 242,920 | 230,472 | 217,469 | 206,198 | 179,025 | 163,460 | 156,345 | 148,319 | 152,789 | 150,185 | 142,488 | 135,203 | 129,444 |
| Pretax margin | 10.45% | 8.36% | 10.38% | 13.15% | 16.02% | 16.66% | 15.80% | 15.06% | 13.58% | 13.39% | 13.16% | 8.82% | 5.06% | 4.13% | 2.84% | 6.47% | 8.67% | 7.98% | 7.41% | 5.88% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $33,696K ÷ $322,415K
= 10.45%
The pretax margin of STAAR Surgical Company has exhibited fluctuations over the periods presented. The pretax margin reflects the company's ability to generate profits before accounting for taxes relative to its total revenue.
From December 2019 to December 2022, the pretax margin showed a general upward trend, peaking at 16.66% in September 2022. This suggests efficient cost management and revenue generation during that period.
However, from March 2022 to March 2023, there was a decline in the pretax margin, indicating potential challenges in maintaining profit levels relative to revenue. In particular, the pretax margin dropped from 15.80% in June 2022 to 2.84% in June 2020, which could be a cause for concern.
The pretax margin recovered slightly in the latter half of 2023, reaching 10.45% in December. This uptick may indicate improvements in operational efficiency or cost controls.
Overall, the fluctuating pretax margin of STAAR Surgical Company suggests varying levels of profitability and efficiency in managing costs and generating revenue during the periods analyzed. Further analysis of the company's financial and operational strategies may be necessary to understand the drivers behind these fluctuations.
Peer comparison
Dec 31, 2023