Aspen Technology Inc (AZPN)
Pretax margin
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -43,894 | -74,118 | -148,359 | -127,832 | -180,598 | -163,247 | -86,942 |
| Revenue (ttm) | US$ in thousands | 1,127,482 | 1,105,220 | 1,056,992 | 1,042,667 | 1,044,178 | 1,537,315 | 1,307,437 |
| Pretax margin | -3.89% | -6.71% | -14.04% | -12.26% | -17.30% | -10.62% | -6.65% |
June 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-43,894K ÷ $1,127,482K
= -3.89%
Aspen Technology Inc's pretax margin has shown a fluctuating trend over the reported periods. The pretax margin was negative in all the periods, indicating that the company's operating expenses and interest payments exceeded its gross profit.
The pretax margin was highest in June 2024 at -3.89% and lowest in June 2023 at -17.30%. This suggests that the company's profitability improved in the most recent period compared to previous periods. However, the pretax margin remained below zero throughout, indicating that Aspen Technology Inc has been struggling to generate consistent profits before accounting for taxes and interest expenses.
The increasing pretax margin from June 2023 to June 2024 may indicate that the company has been focusing on cost-cutting measures or revenue-enhancing strategies to improve profitability. Further analysis of the company's financial performance and strategic initiatives would be needed to understand the factors driving these fluctuations in pretax margin.
Peer comparison
Jun 30, 2024