Visteon Corp (VC)

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	238,000	223,000	189,000	187,000	169,000	156,000	112,000	74,000	72,000	57,000	66,000	30,000	-28,000	-12,000	-3,000	55,000	94,000	95,000	98,000	130,000
Revenue (ttm)	US$ in thousands	3,954,000	4,022,000	4,036,000	3,902,000	3,756,000	3,478,000	3,083,000	2,846,000	2,774,000	2,768,000	2,886,000	2,649,000	2,548,000	2,505,000	2,489,000	2,851,000	2,945,000	2,932,000	2,882,000	2,907,000
Pretax margin		6.02%	5.54%	4.68%	4.79%	4.50%	4.49%	3.63%	2.60%	2.60%	2.06%	2.29%	1.13%	-1.10%	-0.48%	-0.12%	1.93%	3.19%	3.24%	3.40%	4.47%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $238,000K ÷ $3,954,000K
= 6.02%

The pretax margin of Visteon Corp. has shown a generally increasing trend over the past eight quarters. Starting from 2.85% in Q1 2022, it has consistently improved to reach 6.50% in Q4 2023. This indicates that the company is effectively controlling its operating expenses and generating higher profits before taxes relative to its revenue. The upward trajectory of the pretax margin suggests enhanced operational efficiency and financial performance for Visteon Corp. The company's management may be successfully implementing cost-cutting measures or experiencing growth in revenue that is outpacing any increase in operating expenses. Overall, the improving pretax margin reflects positively on Visteon Corp.'s ability to efficiently convert its revenue into profit before taxes.