NCR Voyix Corporation (VYX)
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 | -219,000 | 208,000 | 283,000 | -132,000 | 291,000 |
| Revenue | US$ in thousands | 3,483,000 | 7,560,000 | 7,156,000 | 6,207,000 | 6,915,000 |
| Pretax margin | -6.29% | 2.75% | 3.95% | -2.13% | 4.21% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-219,000K ÷ $3,483,000K
= -6.29%
The pretax margin of NCR Voyix Corporation has exhibited fluctuating trends over the past five years. In 2023, the pretax margin decreased to -6.29%, indicating that the company's pre-tax profits were negative relative to its total revenue. This represents a significant decline from the previous year's pretax margin of 2.75%.
Compared to the pretax margin in 2021 and 2019, which were 3.95% and 4.21% respectively, the latest figure depicts a notable deterioration in the company's profitability performance. The negative pretax margin in 2020 (-2.13%) suggests that the company faced challenges in generating pre-tax profits that year as well.
The downward trend in the pretax margin over the past two years may raise concerns about the company's operational efficiency and profitability. It will be essential for NCR Voyix Corporation to closely evaluate its cost structure, revenue generation strategies, and overall financial performance to address the negative trend and improve its pretax margin in the upcoming periods.