Xerox Corp (XRX)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -28,000 | 205,000 | -239,000 | -153,000 | -325,000 | -1,181,000 | -715,000 | -612,000 | -472,000 | 344,000 | 377,000 | 312,000 | 256,000 | 1,042,000 | 1,210,000 |
| Revenue (ttm) | US$ in thousands | 7,029,000 | 7,162,000 | 7,264,000 | 7,275,000 | 7,228,000 | 7,131,000 | 7,170,000 | 7,234,000 | 7,299,000 | 7,375,000 | 7,384,000 | 7,080,000 | 7,189,000 | 7,720,000 | 8,175,000 |
| Pretax margin | -0.40% | 2.86% | -3.29% | -2.10% | -4.50% | -16.56% | -9.97% | -8.46% | -6.47% | 4.66% | 5.11% | 4.41% | 3.56% | 13.50% | 14.80% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-28,000K ÷ $7,029,000K
= -0.40%
Xerox Holdings Corp's pretax margin has shown variability over the past eight quarters. In Q4 2023, the company reported a pretax margin of -0.41%, indicating a slight pre-tax loss. This marks an improvement from the previous quarter, where the pretax margin was 2.96%. However, the company had reported negative pretax margins in Q2 2023 (-3.27%) and Q1 2023 (-2.12%).
Comparing the current pretax margin to the same quarter in the previous year, there has been a notable improvement. In Q4 2022, Xerox reported a pretax margin of -4.57%, indicating that the company has managed to reduce its pre-tax losses year over year.
Overall, the trend in Xerox's pretax margin shows variability, with some quarters showing losses and some improvement. It is essential for the company to continue monitoring and managing its operational efficiency to ensure sustainable profitability in the future.
Peer comparison
Dec 31, 2023