Capri Holdings Ltd (CPRI)
Pretax margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -283,000 | 645,000 | 914,000 | 4,000 | -213,000 |
| Revenue | US$ in thousands | 5,134,000 | 5,594,000 | 5,664,000 | 4,043,000 | 5,528,000 |
| Pretax margin | -5.51% | 11.53% | 16.14% | 0.10% | -3.85% |
March 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $-283,000K ÷ $5,134,000K
= -5.51%
The pretax margin of Capri Holdings Ltd has fluctuated over the past five years, displaying both positive and negative trends. In the most recent fiscal year ending on March 31, 2024, the company reported a pretax margin of -5.51%, indicating that its pre-tax profits were insufficient to cover its operating expenses, resulting in a loss before tax.
In the prior year, the pretax margin stood at a healthy 11.53%, showing a significant decrease from the year before which marked a substantial pretax margin of 16.14%. The company barely achieved positive pre-tax profits in the fiscal year ending March 31, 2021, with a mere 0.10% pretax margin.
Capri Holdings Ltd experienced a decline in profitability two years ago, as reflected by a negative pretax margin of -3.85% in the fiscal year ending March 31, 2020. This may suggest challenges in managing costs and generating sufficient revenues to cover expenses during that period.
Overall, the company's pretax margin has displayed variability, with fluctuations in profitability levels over the past five years, indicating the need for close monitoring of operating efficiency and cost management strategies.
Peer comparison
Mar 31, 2024