Vishay Intertechnology Inc (VSH)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 465,709 | 591,832 | 433,643 | 157,468 | 225,444 |
| Revenue | US$ in thousands | 3,402,040 | 3,497,400 | 3,240,490 | 2,501,900 | 2,668,300 |
| Pretax margin | 13.69% | 16.92% | 13.38% | 6.29% | 8.45% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $465,709K ÷ $3,402,040K
= 13.69%
Vishay Intertechnology, Inc.'s pre-tax margin has demonstrated fluctuations over the past five years. The company's pre-tax margin was 13.74% in 2023, showing a slight decrease from the previous year's margin of 16.97% in 2022. Despite this decrease, the pre-tax margin in 2023 remained relatively strong compared to the margins in 2021 and 2020, which were 13.41% and 6.33%, respectively.
The significant increase in pre-tax margin from 2020 to 2021 indicates an improvement in the company's profitability and efficiency in managing its operating expenses. However, the pre-tax margin decreased in 2022, although it still remained higher than in 2020. The fluctuations in the pre-tax margin suggest that Vishay Intertechnology, Inc. may be experiencing varying levels of operational performance and cost management year-to-year.
Overall, while the recent pre-tax margins for Vishay Intertechnology, Inc. have shown some variability, the company has generally maintained a reasonable level of profitability before taxes over the past five years.
Peer comparison
Dec 31, 2023