Vishay Intertechnology Inc (VSH)
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 | 465,709 | 513,334 | 597,875 | 612,298 | 591,832 | 577,595 | 513,121 | 482,597 | 433,643 | 366,547 | 295,941 | 208,448 | 157,468 | 122,107 | 120,515 | 161,647 | 225,444 | 314,501 | 397,159 | 423,923 |
| Revenue (ttm) | US$ in thousands | 3,402,045 | 3,472,107 | 3,543,252 | 3,514,654 | 3,497,401 | 3,485,175 | 3,374,040 | 3,329,648 | 3,240,487 | 3,064,595 | 2,891,092 | 2,653,689 | 2,501,898 | 2,444,295 | 2,432,464 | 2,535,987 | 2,668,305 | 2,834,620 | 2,987,263 | 3,063,053 |
| Pretax margin | 13.69% | 14.78% | 16.87% | 17.42% | 16.92% | 16.57% | 15.21% | 14.49% | 13.38% | 11.96% | 10.24% | 7.86% | 6.29% | 5.00% | 4.95% | 6.37% | 8.45% | 11.09% | 13.30% | 13.84% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $465,709K ÷ $3,402,045K
= 13.69%
Vishay Intertechnology, Inc.'s pretax margin has exhibited fluctuations over the past eight quarters. In Q4 2023, the pretax margin decreased to 13.74%, slightly lower than the previous quarter's value of 14.83%. This decline follows a trend of decreasing pretax margins over the past two quarters, compared to higher levels seen in the earlier quarters of 2023. However, despite this recent dip, the Q4 2023 pretax margin remains relatively competitive compared to the same quarter in the previous year, where it was recorded at 16.97%.
Overall, despite some variability, the company has generally maintained pretax margins above 13% over the past year, with the highest values observed in Q2 2023 (16.92%) and Q1 2023 (17.47%). These fluctuations in pretax margin may be indicative of changing operational efficiencies, cost structures, or pricing dynamics within Vishay Intertechnology, Inc.'s business operations.
Peer comparison
Dec 31, 2023