Amcor PLC (AMCR)
Pretax margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 893,000 | 1,241,000 | 1,105,000 | 1,200,000 | 799,000 |
| Revenue | US$ in thousands | 13,271,000 | 14,601,000 | 14,402,000 | 12,741,000 | 12,467,500 |
| Pretax margin | 6.73% | 8.50% | 7.67% | 9.42% | 6.41% |
June 30, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $893,000K ÷ $13,271,000K
= 6.73%
The pretax margin of Amcor PLC has shown fluctuations over the past five years. In the latest fiscal year ending June 30, 2024, the pretax margin decreased to 6.73% from 8.50% in the previous year. This decline indicates that the company's profitability before accounting for taxes decreased.
Comparing to the data from two years ago, the pretax margin in Jun 30, 2024 was lower than 7.67% in Jun 30, 2022. This suggests a slight deterioration in the company's ability to generate profit before taxes. However, the pretax margin in Jun 30, 2024 is higher than in Jun 30, 2020, indicating an improvement in profitability over this longer time horizon.
Overall, the downward trend in the pretax margin from 2019 to 2024 may raise concerns about the company's operational efficiency and cost management strategies. Further analysis of the company's financial performance and cost structure would be necessary to understand the factors driving these changes in the pretax margin.
Peer comparison
Jun 30, 2024