Cardinal Health Inc (CAH)
Pretax margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,200,000 | 637,000 | -770,000 | 322,000 | -3,775,000 |
| Revenue | US$ in thousands | 226,827,000 | 204,979,000 | 181,364,000 | 162,467,000 | 152,922,000 |
| Pretax margin | 0.53% | 0.31% | -0.42% | 0.20% | -2.47% |
June 30, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,200,000K ÷ $226,827,000K
= 0.53%
The pretax margin of Cardinal Health Inc has shown variability in recent years. In the latest fiscal year ending on June 30, 2024, the pretax margin improved to 0.53%, indicating that the company was able to generate a higher profit before taxes relative to its revenue. This improvement is a positive sign of efficiency in cost management or revenue generation strategies.
In the previous fiscal year, the pretax margin was 0.31%, which also demonstrated a positive result compared to the fiscal year ending on June 30, 2022, where the company had a negative pretax margin of -0.42%. This negative margin suggests that the company faced challenges in profitability during that period.
The pretax margin was 0.20% in the fiscal year ending on June 30, 2021, which shows a slight improvement compared to the fiscal year ending on June 30, 2020, where the company reported a significantly lower pretax margin of -2.47%. The negative pretax margin in 2020 suggests that Cardinal Health Inc was experiencing financial difficulties or inefficiencies.
Overall, the trend in the pretax margin of Cardinal Health Inc indicates fluctuations in profitability over the past five years, with improvements in recent years being a positive development for the company.
Peer comparison
Jun 30, 2024