Varex Imaging Corp (VREX)
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 | 24,800 | 30,800 | 43,900 | 40,200 | 46,200 | 44,000 | 44,700 | 46,500 | 36,000 | 28,100 | -17,300 | -72,300 | -76,600 | -73,100 | -32,300 | 6,900 | 15,800 | 21,200 | 10,900 | 14,100 |
| Revenue (ttm) | US$ in thousands | 879,200 | 894,700 | 913,200 | 893,400 | 876,100 | 864,900 | 860,000 | 855,500 | 845,000 | 823,100 | 745,000 | 708,700 | 708,000 | 738,300 | 769,500 | 796,800 | 794,700 | 780,600 | 767,300 | 766,900 |
| Pretax margin | 2.82% | 3.44% | 4.81% | 4.50% | 5.27% | 5.09% | 5.20% | 5.44% | 4.26% | 3.41% | -2.32% | -10.20% | -10.82% | -9.90% | -4.20% | 0.87% | 1.99% | 2.72% | 1.42% | 1.84% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $24,800K ÷ $879,200K
= 2.82%
The pretax margin of Varex Imaging Corp has fluctuated over the past several quarters. It started positively with 1.84% in March 2019, gradually increased to a peak of 5.44% in March 2022, before experiencing a sharp decline to -10.82% in September 2022. This negative trend continued until June 2021, with the pretax margin hitting -2.32%. However, there has been a notable recovery since then, as the pretax margin improved to 4.81% in June 2023.
Overall, the pretax margin of Varex Imaging Corp has shown volatility and inconsistency in recent periods, reflecting potential challenges in managing costs and generating profits. It is essential for the company to continue monitoring and addressing factors impacting its profitability to ensure sustained financial health.
Peer comparison
Dec 31, 2023