Dolby Laboratories (DLB)
Pretax margin
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 309,954 | 258,811 | 233,657 | 229,421 | 249,063 | 271,705 | 297,303 | 223,861 | 215,400 | 227,443 | 237,267 | 278,854 | 346,938 | 338,303 | 318,979 | 344,336 | 239,454 | 261,329 | 263,206 | 262,450 |
| Revenue (ttm) | US$ in thousands | 1,273,721 | 1,259,477 | 1,269,029 | 1,280,397 | 1,299,744 | 1,287,386 | 1,278,601 | 1,237,081 | 1,253,793 | 1,260,614 | 1,257,828 | 1,243,015 | 1,281,256 | 1,267,422 | 1,227,532 | 1,259,789 | 1,161,792 | 1,189,428 | 1,244,678 | 1,231,121 |
| Pretax margin | 24.33% | 20.55% | 18.41% | 17.92% | 19.16% | 21.11% | 23.25% | 18.10% | 17.18% | 18.04% | 18.86% | 22.43% | 27.08% | 26.69% | 25.99% | 27.33% | 20.61% | 21.97% | 21.15% | 21.32% |
September 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $309,954K ÷ $1,273,721K
= 24.33%
Dolby Laboratories' pretax margin has exhibited fluctuations over the past few years. The pretax margin measures the percentage of each dollar of revenue that turns into pre-tax profit. Looking at the trend, the pretax margin has generally been in the range of 17% to 27% in recent quarters, indicating varying levels of efficiency in generating profits before accounting for taxes.
In the most recent quarter, the pretax margin stood at 24.33%, showing an improvement from the previous quarter. This increase suggests that Dolby Laboratories was able to control its operating expenses relative to its revenue better during the period.
Over a longer period, the pretax margin has shown some volatility, with peaks and troughs observed. For instance, there was a notable peak at 27.33% in the fourth quarter of 2020, which was followed by a decline in subsequent quarters before beginning to trend upwards again.
Overall, Dolby Laboratories' pretax margin performance indicates fluctuations in profitability efficiency, reflecting the company's ability to manage operating costs and generate profits before taxes. Investors and stakeholders may monitor this metric closely to assess the company's operational effectiveness and financial health.
Peer comparison
Sep 30, 2024