Box Inc (BOX)
Pretax margin
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 62,586 | 34,407 | -37,464 | -42,226 | -142,938 |
| Revenue | US$ in thousands | 1,040,660 | 994,397 | 877,506 | 773,486 | 702,138 |
| Pretax margin | 6.01% | 3.46% | -4.27% | -5.46% | -20.36% |
January 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $62,586K ÷ $1,040,660K
= 6.01%
The pretax margin of Box Inc has shown a positive trend over the past five years. The company's pretax margin increased from -20.36% in January 2020 to 6.01% in January 2024. This indicates an improvement in the company's ability to generate profits before accounting for taxes.
In the financial years 2021 and 2022, Box Inc managed to reduce its losses as reflected by the negative pretax margins of -5.46% and -4.27% respectively. This suggests that the company took measures to streamline its operations and control costs during these periods.
The substantial improvement in pretax margin to 6.01% in January 2024 signifies that Box Inc has been more effective in managing its expenses and increasing profitability. This positive trend in pretax margin reflects a stronger financial performance and operational efficiency for the company in recent years.
Peer comparison
Jan 31, 2024