Universal Corporation (UVV)
Pretax margin
| Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 150,707 | 143,960 | 130,175 | 122,105 | 135,785 | 138,454 | 132,986 | 127,861 | 125,240 | 135,484 | 134,860 | 122,168 | 116,822 | 85,487 | 73,960 | 102,856 | 106,968 | 137,023 | 136,632 | 143,867 |
| Revenue (ttm) | US$ in thousands | 5,391,810 | 5,245,610 | 5,193,930 | 5,223,710 | 5,060,650 | 4,996,660 | 4,718,680 | 4,329,760 | 4,169,502 | 4,102,022 | 4,143,322 | 3,990,997 | 3,926,771 | 3,349,125 | 3,014,895 | 3,213,146 | 3,175,164 | 3,214,793 | 3,477,373 | 3,605,287 |
| Pretax margin | 2.80% | 2.74% | 2.51% | 2.34% | 2.68% | 2.77% | 2.82% | 2.95% | 3.00% | 3.30% | 3.25% | 3.06% | 2.98% | 2.55% | 2.45% | 3.20% | 3.37% | 4.26% | 3.93% | 3.99% |
March 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $150,707K ÷ $5,391,810K
= 2.80%
Pretax margin, which indicates the percentage of each dollar of revenue that is retained as profit before taxes are deducted, has varied for Universal Corporation over the past several quarters. The trend shows a slight decrease in pretax margin from the first quarter of 2020 to the second quarter of 2023. However, there was a notable increase in pretax margin in the first quarter of 2020 compared to the previous quarters, followed by fluctuations in subsequent quarters.
The pretax margin ranged from a low of 2.34% in the second quarter of 2023 to a high of 4.26% in the first quarter of 2020. The company experienced relatively higher pretax margins in the earlier periods, with some volatility in recent quarters. The downward trend in pretax margin from the first quarter of 2020 to the second quarter of 2023 may indicate challenges in maintaining profitability or increasing costs relative to revenues during this period.
Overall, the pretax margin for Universal Corporation has shown variability over the past few quarters, with some periods of stronger profitability followed by fluctuations. Monitoring factors impacting costs and revenue generation will be crucial for the company to sustain and improve its pretax margin in the future.
Peer comparison
Mar 31, 2024