Gentherm Inc (THRM)

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	54,954	33,472	26,331	34,031	38,382	65,151	69,872	89,420	113,852	131,990	145,407	104,751	81,556	42,436	31,345	49,761	47,791	65,308	45,983	57,426
Revenue (ttm)	US$ in thousands	1,448,509	1,428,068	1,388,525	1,281,481	1,193,283	1,106,858	1,024,469	1,025,636	1,044,506	1,083,664	1,096,100	964,238	903,018	845,665	833,218	941,502	976,202	1,001,836	1,016,668	1,043,099
Pretax margin		3.79%	2.34%	1.90%	2.66%	3.22%	5.89%	6.82%	8.72%	10.90%	12.18%	13.27%	10.86%	9.03%	5.02%	3.76%	5.29%	4.90%	6.52%	4.52%	5.51%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $54,954K ÷ $1,448,509K
= 3.79%

Gentherm Inc's pretax margin has experienced fluctuations over the past eight quarters. The pretax margin ranged from a high of 8.72% in Q1 2022 to a low of 1.86% in Q2 2023. Generally, the trend shows a decline in the pretax margin from early 2022 to late 2023, with occasional slight upticks in between. It is important to assess the reasons behind these fluctuations in order to understand the company's operational efficiency and profitability trends more comprehensively.