Tootsie Roll Industries Inc (TR)
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 | 119,920 | 114,488 | 103,656 | 99,942 | 98,186 | 92,990 | 90,043 | 87,344 | 85,747 | 78,187 | 78,181 | 75,257 | 76,283 | 77,078 | 83,568 | 88,922 | 85,485 | 81,210 | 76,556 | 74,726 |
| Revenue (ttm) | US$ in thousands | 766,225 | 759,321 | 723,875 | 708,415 | 688,173 | 666,465 | 637,169 | 608,787 | 571,396 | 406,735 | 380,224 | 345,350 | 345,389 | 345,244 | 369,369 | 394,892 | 392,371 | 518,821 | 518,400 | 518,257 |
| Pretax margin | 15.65% | 15.08% | 14.32% | 14.11% | 14.27% | 13.95% | 14.13% | 14.35% | 15.01% | 19.22% | 20.56% | 21.79% | 22.09% | 22.33% | 22.62% | 22.52% | 21.79% | 15.65% | 14.77% | 14.42% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $119,920K ÷ $766,225K
= 15.65%
Tootsie Roll Industries, Inc. has demonstrated relatively consistent performance in terms of pretax margin over the past eight quarters. The pretax margin, which represents the percentage of each dollar of revenue that translates into pre-tax profits, has generally ranged between 13.98% and 15.58%.
The average pretax margin over this period stands at approximately 14.44%. This indicates that for every dollar of revenue generated, Tootsie Roll has been able to retain around 14.44 cents as pre-tax profit.
The company's ability to maintain a pretax margin above 14% reflects a level of operational efficiency and cost management. Investors and stakeholders may view this as a positive indicator of the company's profitability and management's effectiveness in controlling costs and expenses.
Overall, the stable pretax margin exhibited by Tootsie Roll Industries, Inc. suggests a consistent performance in generating profits relative to its revenue over the past two years.
Peer comparison
Dec 31, 2023