World Kinect Corporation (WKC)
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 | 65,900 | 143,300 | 99,500 | 161,700 | 235,100 |
| Revenue | US$ in thousands | 47,710,600 | 59,043,100 | 31,337,000 | 20,358,300 | 36,819,000 |
| Pretax margin | 0.14% | 0.24% | 0.32% | 0.79% | 0.64% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $65,900K ÷ $47,710,600K
= 0.14%
The pretax margin of World Kinect Corp has exhibited some fluctuations over the past five years. The margin has experienced a downward trend from 0.64% in 2019 to 0.14% in 2023, with intermittent fluctuations in between. This indicates that the company's ability to generate profits before taxes relative to its total revenue has been varying over time. The decreasing trend may suggest potential challenges in controlling costs or maintaining revenue growth, whereas the fluctuations could indicate volatility or changing business conditions impacting the company's profitability. It would be important for World Kinect Corp to closely monitor its cost structures and revenue streams to ensure sustainable profit margins in the future.