Dentsply Sirona Inc (XRAY)
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 | -558,000 | -219,000 | -1,210,000 | -1,166,000 | -1,055,000 | -907,000 | 447,000 | 487,000 | 545,000 | 518,000 | 461,000 | 213,000 | -54,000 | -46,000 | 4,500 | 169,100 | 344,900 | 286,100 | 211,800 | -999,100 |
| Revenue (ttm) | US$ in thousands | 3,887,000 | 3,905,000 | 3,909,000 | 3,910,000 | 3,908,000 | 4,001,000 | 4,094,000 | 4,137,000 | 4,206,000 | 4,182,500 | 4,036,800 | 3,464,100 | 3,305,500 | 3,337,500 | 3,412,700 | 3,935,800 | 4,015,000 | 3,963,200 | 3,926,400 | 3,957,500 |
| Pretax margin | -14.36% | -5.61% | -30.95% | -29.82% | -27.00% | -22.67% | 10.92% | 11.77% | 12.96% | 12.38% | 11.42% | 6.15% | -1.63% | -1.38% | 0.13% | 4.30% | 8.59% | 7.22% | 5.39% | -25.25% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-558,000K ÷ $3,887,000K
= -14.36%
The pretax margin of DENTSPLY Sirona Inc has shown varying trends over the previous quarters. In the most recent quarter, Q4 2023, the pretax margin was -4.41%, an improvement from the previous quarter's -5.69%. However, the company has been facing challenges as seen in Q2 and Q1 2023, with pretax margins of -30.87% and -29.76% respectively.
Comparing to the same quarter in the previous year, the pretax margin in Q4 2023 was still significantly below the -26.90% recorded in Q4 2022. Notably, there was a significant positive performance in Q2 and Q1 2022, with pretax margins of 10.66% and 11.57% respectively.
Overall, the pretax margin of DENTSPLY Sirona Inc has shown inconsistency in recent quarters, with a mix of negative and positive performances. It will be important to monitor future financial results to assess the company's ability to improve profitability and operational efficiency.
Peer comparison
Dec 31, 2023