Cirrus Logic Inc (CRUS)

Pretax margin

		Mar 31, 2024	Dec 31, 2023	Sep 23, 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	Jun 30, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	363,984	245,692	214,069	222,458	254,775	421,303	424,862	404,155	368,690	288,668	275,300	244,496	245,236	229,642	173,486	195,558	181,247	178,126	135,928	104,295
Revenue (ttm)	US$ in thousands	1,788,131	1,789,079	1,760,694	1,820,205	1,896,542	2,014,981	1,972,748	1,898,050	1,781,915	1,584,295	1,521,700	1,403,112	1,368,432	1,354,186	1,243,059	1,284,646	1,280,324	1,241,474	1,191,101	1,168,494
Pretax margin		20.36%	13.73%	12.16%	12.22%	13.43%	20.91%	21.54%	21.29%	20.69%	18.22%	18.09%	17.43%	17.92%	16.96%	13.96%	15.22%	14.16%	14.35%	11.41%	8.93%

March 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $363,984K ÷ $1,788,131K
= 20.36%

Cirrus Logic Inc's pretax margin has shown variability over the past few quarters. The highest pretax margin was recorded at 21.54% in the September 2022 quarter, while the lowest was noted at 8.93% in the September 2019 quarter.

In recent quarters, there has generally been an improvement in the pretax margin, with the latest reported figure at 20.36% as of March 31, 2024. This suggests that the company has been able to effectively manage its expenses relative to its revenue, resulting in a higher proportion of pre-tax profits.

Overall, the pretax margin trend indicates that Cirrus Logic Inc has shown resilience and potentially improved operational efficiency in recent periods. However, it is essential to continue monitoring this ratio to assess the company's profitability and cost control measures effectively.