Acuity Brands Inc (AYI)
Pretax margin
| 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 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 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 | 424,900 | 441,500 |
| Revenue (ttm) | US$ in thousands | 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 | 3,672,900 | 3,768,000 |
| Pretax margin | 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% | 11.57% | 11.72% |
February 29, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $492,500K ÷ $3,813,600K
= 12.91%
The pretax margin of Acuity Brands Inc has exhibited some variability over the past few quarters. The pretax margin, which represents the proportion of pre-tax profits to total revenue, shows the company's efficiency in managing expenses and generating profits before taxes.
From the data provided, we can observe that the pretax margin has generally fluctuated within a relatively narrow range, ranging from a low of 9.76% in August 2020 to a high of 12.91% in February 2024. This indicates that Acuity Brands has been able to maintain a consistent level of profitability over the examined periods.
While there have been fluctuations, there is an overall upward trend in the pretax margin from late 2020 to early 2024, suggesting an improvement in the company's operational efficiency and cost management. It is worth noting that the pretax margin has surpassed 11% for most of the recent quarters, indicating a healthy level of profitability.
Analyzing the pretax margin can provide insights into Acuity Brands Inc's ability to control costs and generate profits before taxes, which are crucial aspects of financial performance. Further analysis of the company's revenue and expense structure could provide more context to understand the factors influencing the pretax margin dynamics.
Peer comparison
Feb 29, 2024