Valaris Ltd (VAL)
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 | 82,800 | 76,800 | 141,300 | 278,000 | 219,600 | 181,900 | 92,600 | -30,300 | -869,300 | -1,055,000 | -1,702,800 | -2,834,900 | -5,114,900 | -5,083,700 | -4,630,300 | -3,069,000 | -69,600 | -96,800 | -22,900 | -587,300 |
| Revenue (ttm) | US$ in thousands | 1,784,200 | 1,734,000 | 1,716,100 | 1,714,200 | 1,602,500 | 1,474,400 | 1,363,900 | 1,153,400 | 1,142,100 | 1,133,100 | 1,091,700 | 1,277,700 | 1,427,200 | 1,642,800 | 1,908,800 | 2,103,900 | 2,053,200 | 1,940,100 | 1,819,700 | 1,694,300 |
| Pretax margin | 4.64% | 4.43% | 8.23% | 16.22% | 13.70% | 12.34% | 6.79% | -2.63% | -76.11% | -93.11% | -155.98% | -221.88% | -358.39% | -309.45% | -242.58% | -145.87% | -3.39% | -4.99% | -1.26% | -34.66% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $82,800K ÷ $1,784,200K
= 4.64%
The pretax margin of Valaris Ltd has fluctuated over the past five quarters. In Q1 2023, the pretax margin was the highest at 16.71%, indicating that the company was able to generate a significant level of profit before considering taxes. However, there was a notable decrease in Q2 2023 to 8.78%, suggesting a lower profitability level during that quarter. The pretax margin further decreased in Q3 2023 to 5.01% before increasing slightly in Q4 2023 to 4.72%. Overall, the trend shows some variability in the company's ability to generate profits before tax, with Q1 2023 standing out as the most profitable quarter in the period.
Peer comparison
Dec 31, 2023