Agilysys Inc (AGYS)

Pretax margin

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Earnings before tax but after interest (EBT)	US$ in thousands	20,684	15,764	6,511	-21,209	-33,866
Revenue	US$ in thousands	238,118	198,854	163,406	137,285	160,748
Pretax margin		8.69%	7.93%	3.98%	-15.45%	-21.07%

March 31, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $20,684K ÷ $238,118K
= 8.69%

Agilysys Inc's pretax margin has shown an increasing trend over the past five years. In the most recent fiscal year, ending on March 31, 2024, the pretax margin stood at 8.69%, demonstrating a steady improvement from 7.93% in the previous year and a significant growth from 3.98% two years ago. The company's pretax margin had turned negative in the fiscal years ending on March 31, 2021 and March 31, 2020, at -15.45% and -21.07%, respectively. This positive development in the pretax margin indicates that Agilysys Inc has been successful in managing its operating expenses relative to its revenue, leading to enhanced profitability before taking into account income taxes.