Dentsply Sirona Inc (XRAY)
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 | -175,000 | -1,055,000 | 545,000 | -50,000 | 338,000 |
| Revenue | US$ in thousands | 3,887,000 | 3,908,000 | 20,000 | 3,305,000 | 4,021,100 |
| Pretax margin | -4.50% | -27.00% | 2,725.00% | -1.51% | 8.41% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-175,000K ÷ $3,887,000K
= -4.50%
The pretax margin of DENTSPLY Sirona Inc has fluctuated significantly over the past five years. In 2023, the company's pretax margin was -4.41%, indicating that the company's operating profits before taxes accounted for 4.41% of its total revenue. This represents an improvement compared to the previous year, where the pretax margin was -26.90%, showing a significant loss in profitability.
In 2021, DENTSPLY Sirona Inc had a robust pretax margin of 12.88%, demonstrating strong profitability and efficient cost management. However, in 2020, the pretax margin decreased to -1.80%, indicating a decline in profitability compared to the previous year.
The trend continued in 2019, where the pretax margin was 8.57%, reflecting a positive growth in profitability compared to 2020. Overall, the company's pretax margin has been volatile, with fluctuations in profitability over the years, suggesting the need for continued attention to cost control and operational efficiency.
Peer comparison
Dec 31, 2023