CommVault Systems Inc (CVLT)

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	83,613	-15,362	43,414	-21,235	-12,546
Revenue	US$ in thousands	839,247	784,590	769,591	723,472	670,885
Pretax margin		9.96%	-1.96%	5.64%	-2.94%	-1.87%

March 31, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $83,613K ÷ $839,247K
= 9.96%

The pretax margin of CommVault Systems Inc has displayed varying performance over the past five fiscal years. In the latest fiscal year ending on March 31, 2024, the company's pretax margin improved significantly, reaching 9.96%. This indicates that the company was able to generate a higher level of profit before tax relative to its total revenue compared to the previous year.

In the fiscal year ending on March 31, 2023, the pretax margin was negative at -1.96%, reflecting that the company incurred losses before tax during that period. However, there was a notable recovery in the fiscal year ending on March 31, 2022, as the pretax margin improved to 5.64%, indicating that the company was able to enhance its profitability.

Conversely, in the fiscal years ending on March 31, 2021 and March 31, 2020, the pretax margins were negative at -2.94% and -1.87% respectively, suggesting that the company faced challenges in generating positive earnings before tax during those periods.

Overall, it is essential for CommVault Systems Inc to sustain and further improve its pretax margin to ensure long-term profitability and financial stability. Monitoring and analyzing this metric can help stakeholders assess the company's operational efficiency and financial health.