Acuity Brands Inc (AYI)
Pretax margin
| Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 548,600 | 501,400 | 492,500 | 484,400 | 446,700 | 490,200 | 489,500 | 478,200 | 493,900 | 470,700 | 441,900 | 425,900 | 396,200 | 368,200 | 337,500 | 330,000 | 324,700 | 347,600 | 380,900 | 392,400 |
| Revenue (ttm) | US$ in thousands | 3,822,700 | 3,789,100 | 3,813,600 | 3,850,400 | 3,913,100 | 4,022,500 | 4,082,500 | 4,049,200 | 3,979,100 | 3,887,700 | 3,727,000 | 3,594,000 | 3,461,000 | 3,363,200 | 3,240,000 | 3,287,700 | 3,326,400 | 3,379,200 | 3,547,600 | 3,575,500 |
| Pretax margin | 14.35% | 13.23% | 12.91% | 12.58% | 11.42% | 12.19% | 11.99% | 11.81% | 12.41% | 12.11% | 11.86% | 11.85% | 11.45% | 10.95% | 10.42% | 10.04% | 9.76% | 10.29% | 10.74% | 10.97% |
August 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $548,600K ÷ $3,822,700K
= 14.35%
The pretax margin of Acuity Brands Inc has shown a general trend of improvement over the past several quarters. The pretax margin, which represents the proportion of revenue that translates into pre-tax profit, has been on an upward trajectory since the third quarter of 2021.
From the most recent data available as of August 31, 2024, the pretax margin stood at 14.35%, representing the company's ability to generate profits before accounting for taxes. This is an improvement compared to the pretax margin of 13.23% in the previous quarter, indicating better cost management or revenue growth strategies.
Furthermore, the pretax margin has steadily increased from a low of 9.76% in November 2020 to its current level, displaying a consistent effort by the company to enhance efficiency and profitability. This upward trend suggests that Acuity Brands Inc has been successful in controlling costs, improving operational efficiency, or potentially increasing the pricing of its products and services.
Overall, the increasing trend in pretax margin indicates that Acuity Brands Inc has been effectively managing its operations to enhance profitability, which may be viewed positively by investors and stakeholders as a signal of the company's financial health and performance.
Peer comparison
Aug 31, 2024