Box Inc (BOX)

Pretax margin

		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	62,562	60,489	59,272	48,549	34,363	9,122	-16,240	-26,735	-37,464	-40,362	-31,872	-31,145	-42,226	-67,665	-103,356	-131,952	-142,938	-132,092	-131,300	-133,270
Revenue (ttm)	US$ in thousands	1,040,660	1,034,032	1,022,661	1,007,585	994,399	970,516	944,382	913,066	877,507	844,717	816,408	793,107	773,486	759,422	740,713	721,926	700,057	682,054	660,627	636,568
Pretax margin		6.01%	5.85%	5.80%	4.82%	3.46%	0.94%	-1.72%	-2.93%	-4.27%	-4.78%	-3.90%	-3.93%	-5.46%	-8.91%	-13.95%	-18.28%	-20.42%	-19.37%	-19.88%	-20.94%

January 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $62,562K ÷ $1,040,660K
= 6.01%

The pretax margins of Box Inc have shown a fluctuating trend over the past few quarters. The pretax margin improved from 5.85% in Oct 31, 2023, to 6.01% in Jan 31, 2024, indicating a slight increase in the company's profitability before taxes. This improvement follows a general upward trend in pretax margin starting from the negative figures in Oct 31, 2020, to Jan 31, 2021.

Although the pretax margin has been positive in the most recent periods, it is important to note that the margins have been historically low, with negative values in some quarters. This suggests that the company may have experienced challenges in generating profits before accounting for income taxes in the past.

Overall, while the recent uptick in pretax margin is a positive indicator for Box Inc, it is essential for investors to monitor the company's performance closely to ensure sustained profitability in the future.