Alkermes Plc (ALKS)
Pretax margin
| Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 224,432 | 350,766 | 258,119 | 217,571 | 102,842 | -170,161 | -167,304 | -145,389 | -104,556 | -65,651 | -39,306 | -81,179 | -52,452 | -83,865 | -96,537 | -57,448 | -113,501 | -128,129 | -197,056 | -196,190 |
| Revenue (ttm) | US$ in thousands | 1,489,378 | 1,701,960 | 1,639,873 | 1,569,557 | 1,443,430 | 1,105,567 | 1,099,455 | 1,120,608 | 1,163,507 | 1,190,967 | 1,162,061 | 1,120,829 | 1,092,326 | 1,036,423 | 1,032,497 | 1,160,605 | 1,149,262 | 1,180,207 | 1,156,446 | 1,057,796 |
| Pretax margin | 15.07% | 20.61% | 15.74% | 13.86% | 7.12% | -15.39% | -15.22% | -12.97% | -8.99% | -5.51% | -3.38% | -7.24% | -4.80% | -8.09% | -9.35% | -4.95% | -9.88% | -10.86% | -17.04% | -18.55% |
June 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $224,432K ÷ $1,489,378K
= 15.07%
The pretax margin of Alkermes Plc has shown fluctuating performance over the past few quarters. The pretax margin measures the company's efficiency in managing its operating expenses relative to its revenues before accounting for taxes.
In the most recent quarter, ending June 30, 2024, the pretax margin was 15.07%, indicating that for every dollar of revenue generated, Alkermes Plc retained $0.1507 before accounting for taxes. This represents a slight decrease compared to the previous quarter's pretax margin of 20.61% in March 31, 2024.
The company experienced significantly lower pretax margins in the quarters ending March 31, 2023, and December 31, 2022, at 7.12% and -15.39% respectively, which suggests challenges in managing operating expenses during those periods.
Overall, a positive pretax margin indicates profitability before taxes, while a negative pretax margin implies the company is incurring losses at the operating level. Alkermes Plc’s pretax margin has varied widely in recent quarters, reflecting fluctuations in its operational efficiency and financial performance. It is important for the company to monitor and improve its pretax margin to ensure sustainable profitability and financial health.
Peer comparison
Jun 30, 2024