Valvoline Inc (VVV)
Pretax margin
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 280,600 | 233,900 | 255,500 | 1,438,800 | 1,456,800 | 1,544,800 | 1,571,700 | 423,700 | 459,000 | 445,000 | 461,500 | 460,600 | 480,200 | 484,400 | 434,500 | 432,700 | 413,000 | 291,000 | 298,000 | 271,000 |
| Revenue (ttm) | US$ in thousands | 1,659,000 | 1,570,900 | 1,525,700 | 1,481,500 | 1,440,900 | 1,388,900 | 1,969,700 | 2,511,200 | 3,036,400 | 2,996,200 | 2,831,200 | 2,646,200 | 2,441,200 | 2,798,000 | 2,522,000 | 2,400,000 | 2,354,000 | 2,331,000 | 2,428,000 | 2,440,000 |
| Pretax margin | 16.91% | 14.89% | 16.75% | 97.12% | 101.10% | 111.22% | 79.79% | 16.87% | 15.12% | 14.85% | 16.30% | 17.41% | 19.67% | 17.31% | 17.23% | 18.03% | 17.54% | 12.48% | 12.27% | 11.11% |
September 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $280,600K ÷ $1,659,000K
= 16.91%
Valvoline Inc's pretax margin fluctuated over the periods analyzed. In the most recent period, ending on September 30, 2024, the pretax margin was 16.91%. This indicates that for every dollar of revenue generated, the company retained approximately 16.91 cents before accounting for taxes.
The pretax margin showed significant volatility, with a notable peak of 111.22% in the quarter ending on June 30, 2023, which may be an outlier or result from specific events impacting profitability. It dipped to 97.12% in the following quarter but rebounded to 16.75% in the quarter ending on March 31, 2024.
Across the periods examined, the pretax margin ranged from as low as 11.11% to as high as 111.22%, suggesting variations in Valvoline Inc's efficiency in generating profits before taxes. Further analysis would be required to identify the factors driving these fluctuations and assess the company's overall financial performance.
Peer comparison
Sep 30, 2024