UGI Corporation (UGI)
Pretax margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -1,837,000 | 1,386,000 | 1,989,000 | 667,000 | 349,000 |
| Revenue | US$ in thousands | 8,928,000 | 10,106,000 | 7,447,000 | 6,559,000 | 7,320,000 |
| Pretax margin | -20.58% | 13.71% | 26.71% | 10.17% | 4.77% |
September 30, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-1,837,000K ÷ $8,928,000K
= -20.58%
The pretax margin of UGI Corp. has fluctuated significantly over the past five years. In 2023, the pretax margin dropped to -20.58% from 13.72% in 2022. This decline indicates a decrease in the company's ability to generate profits before accounting for taxes and other expenses. The substantial decrease may raise concerns about the company's cost management, revenue generation, or both. It is important for stakeholders to closely examine the company's financial and operational performance to understand the factors driving this negative trend and to assess the company's ability to improve its profitability in the future.
Peer comparison
Sep 30, 2023