Cirrus Logic Inc (CRUS)

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	363,936	254,739	368,663	245,246	181,266
Revenue	US$ in thousands	1,788,060	1,896,530	1,781,390	1,369,220	1,280,980
Pretax margin		20.35%	13.43%	20.70%	17.91%	14.15%

March 31, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $363,936K ÷ $1,788,060K
= 20.35%

The pretax margin of Cirrus Logic Inc has shown some variability over the past five years. In the fiscal year ending March 31, 2024, the pretax margin increased to 20.35%, representing a significant improvement from the prior year's 13.43%. This suggests that the company was able to generate more operating income before taxes relative to its revenue compared to the previous year.

In the fiscal year ending March 31, 2022, the pretax margin stood at 20.70%, indicating strong profitability. This was a slight decrease from the previous year's 17.91%, but still at a healthy level. Furthermore, in the fiscal year ending March 31, 2020, the pretax margin was 14.15%, showing a consistent upward trend in profitability over the years.

Overall, the pretax margin of Cirrus Logic Inc has exhibited fluctuations but generally indicates the company's ability to efficiently manage its costs and generate profits before taxes. It is important for the company to continue monitoring and improving its pretax margin to ensure sustained profitability and operational efficiency.