Acuity Brands Inc (AYI)
Pretax margin
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 548,600 | 446,700 | 493,900 | 396,200 | 324,700 |
| Revenue | US$ in thousands | 3,835,700 | 3,913,100 | 3,981,400 | 3,461,000 | 3,326,300 |
| Pretax margin | 14.30% | 11.42% | 12.41% | 11.45% | 9.76% |
August 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $548,600K ÷ $3,835,700K
= 14.30%
The pretax margin of Acuity Brands Inc has shown a positive trend over the past five years, indicating an improvement in the company's efficiency in generating profits before taxes relative to its revenue.
In the most recent fiscal year ending August 31, 2024, the pretax margin increased to 14.30%, reflecting a significant improvement from the prior year's margin of 11.42% in August 2023. This signifies that the company has been able to effectively manage its operating expenses and costs to generate higher pretax profits.
Comparing to the margins of 12.41% in August 2022, 11.45% in August 2021, and 9.76% in August 2020, the upward trend in pretax margin demonstrates Acuity Brands Inc's ability to enhance profitability and operational efficiency over the years.
Overall, the increasing trend in pretax margin indicates a positive financial performance and management effectiveness in maximizing profits relative to revenue for Acuity Brands Inc.
Peer comparison
Aug 31, 2024