Calavo Growers Inc (CVGW)
Pretax margin
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -3,948 | -2,402 | -118 | -5,077 | -1,944 | -2,999 | -22,578 | -25,485 | -13,494 | -1,071 | 26,685 | 6,990 | -9,109 | -17,917 | 2,794 | 29,728 | 56,132 | 63,740 | 33,474 | 42,611 |
| Revenue (ttm) | US$ in thousands | 868,955 | 967,561 | 976,896 | 1,056,974 | 1,142,970 | 1,189,047 | 1,219,347 | 1,163,641 | 1,108,513 | 1,056,752 | 1,018,153 | 967,811 | 969,733 | 1,022,484 | 1,080,072 | 1,204,139 | 1,213,831 | 1,197,400 | 1,185,276 | 1,122,381 |
| Pretax margin | -0.45% | -0.25% | -0.01% | -0.48% | -0.17% | -0.25% | -1.85% | -2.19% | -1.22% | -0.10% | 2.62% | 0.72% | -0.94% | -1.75% | 0.26% | 2.47% | 4.62% | 5.32% | 2.82% | 3.80% |
January 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-3,948K ÷ $868,955K
= -0.45%
The pretax margin for Calavo Growers Inc has fluctuated over the past twenty quarters. In the latest quarter, ending on January 31, 2024, the company reported a pretax margin of -0.45%, signifying that the company's earnings before taxes were approximately 0.45% in the negative. This indicates that the company's expenses exceeded its revenue in this period.
Looking back at the trend, the pretax margin has shown both negative and positive values, with the lowest point observed in the quarter ending on April 30, 2022, at -2.19%. This period marked a significant downturn in the company's profitability before taxes, possibly indicating challenges in managing costs or generating revenue.
On the positive side, the pretax margin reached its peak in the quarter ending on January 31, 2020, at 4.62%. During this period, the company demonstrated strong profitability performance before taxes, which could be attributed to effective cost management or increased revenue generation.
Overall, the pretax margin trend suggests that Calavo Growers Inc has experienced varying levels of profitability over the analyzed quarters, indicating fluctuations in financial performance that may be influenced by factors such as operational efficiency, market conditions, or strategic decision-making.