SunCoke Energy Inc (SXC)

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	91,800	117,500	61,700	14,000	-207,000
Revenue	US$ in thousands	2,035,900	1,940,500	1,381,600	1,282,400	1,600,300
Pretax margin		4.51%	6.06%	4.47%	1.09%	-12.94%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $91,800K ÷ $2,035,900K
= 4.51%

The pre-tax margin of SunCoke Energy Inc has fluctuated over the past five years. In 2023, the pre-tax margin stood at 4.74%, lower than the margin of 6.17% in 2022 but slightly higher than the 4.61% in 2021. The company showed an improvement from the low margin of 1.43% in 2020 and a significant recovery from the negative margin of -12.69% in 2019. It is important for the company to continue monitoring and managing its costs effectively to sustain the upward trend in the pre-tax margin.