Coty Inc (COTY)

Pretax margin

		Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	184,500	369,400	509,200	534,000	689,800	332,400	248,300	282,000	424,300	652,400	594,700	-9,200	-373,300	-1,347,200	-1,675,000	-1,442,000	-1,384,400	-3,212,500	-2,893,200	-3,715,400
Revenue (ttm)	US$ in thousands	6,129,300	5,842,100	5,747,100	5,543,100	5,305,100	5,172,900	5,066,800	5,119,200	5,116,200	4,950,500	4,805,300	4,646,500	4,372,000	3,431,200	3,904,600	4,821,500	5,727,000	7,738,400	8,200,500	8,367,100
Pretax margin		3.01%	6.32%	8.86%	9.63%	13.00%	6.43%	4.90%	5.51%	8.29%	13.18%	12.38%	-0.20%	-8.54%	-39.26%	-42.90%	-29.91%	-24.17%	-41.51%	-35.28%	-44.40%

June 30, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $184,500K ÷ $6,129,300K
= 3.01%

The pretax margin of Coty Inc has varied significantly over the past few quarters, displaying fluctuations in profitability levels. The trend indicates that the company faced challenges in generating consistent profits, with some periods showing negative pretax margins. However, there have been instances of improvement in profitability, as seen in quarters where the pretax margin was positive.

Key points:
- Over the last five quarters, the pretax margin ranged from a low of -44.40% to a high of 13.18%.
- There was a notable improvement in the pretax margin in the most recent quarter, standing at 3.01% compared to previous periods.
- The company faced significant profitability challenges in FY 2021, with pretax margins dipping sharply into negative territory.
- It is essential for investors to closely monitor Coty Inc's financial performance to assess the company's ability to sustain profitability and enhance shareholder value.