TE Connectivity Ltd (TEL)
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 | 2,488,000 | 2,274,000 | 2,293,000 | 2,379,000 | 2,542,000 | 2,734,000 | 2,709,000 | 2,703,000 | 2,619,000 | 2,384,000 | 2,096,000 | 1,536,000 | 510,000 | 542,000 | 636,000 | 1,004,000 | 1,948,000 | 1,829,000 | 1,929,000 | 1,948,000 |
| Revenue (ttm) | US$ in thousands | 15,947,000 | 15,954,000 | 16,279,000 | 16,380,000 | 16,229,000 | 16,215,000 | 15,678,000 | 15,430,000 | 15,166,000 | 14,867,000 | 14,324,000 | 13,028,000 | 12,487,000 | 12,136,000 | 12,175,000 | 13,016,000 | 13,229,000 | 13,393,000 | 13,602,000 | 13,965,000 |
| Pretax margin | 15.60% | 14.25% | 14.09% | 14.52% | 15.66% | 16.86% | 17.28% | 17.52% | 17.27% | 16.04% | 14.63% | 11.79% | 4.08% | 4.47% | 5.22% | 7.71% | 14.73% | 13.66% | 14.18% | 13.95% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $2,488,000K ÷ $15,947,000K
= 15.60%
TE Connectivity Ltd's pretax margin has shown fluctuating trends over the past few years. The company experienced a decline in its pretax margin from 17.52% in March 2022 to 11.79% in June 2021. However, there has been a more recent improvement, with the pretax margin increasing to 15.60% in December 2023.
This improvement indicates that TE Connectivity Ltd has been able to effectively manage its costs and generate higher pre-tax profits in the most recent period. Overall, the pretax margin performance of the company suggests varying levels of operational efficiency and profitability over the analyzed periods, reflecting its ability to adapt to changing market conditions and internal factors affecting its financial performance.
Peer comparison
Dec 31, 2023