Estee Lauder Companies Inc (EL)
Pretax margin
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 772,000 | 982,000 | 781,000 | 805,000 | 1,397,000 | 1,494,000 | 1,914,000 | 2,766,000 | 3,029,000 | 4,026,000 | 3,904,000 | 3,546,000 | 3,319,000 | 1,665,000 | 1,165,000 | 946,000 | 1,034,000 | 1,840,000 | 2,487,000 | 2,424,000 |
| Revenue (ttm) | US$ in thousands | 15,304,000 | 15,004,000 | 14,853,000 | 15,247,000 | 15,705,000 | 15,722,000 | 16,211,000 | 17,114,000 | 17,557,000 | 17,920,000 | 17,531,000 | 16,850,000 | 16,025,000 | 14,572,000 | 14,072,000 | 14,451,000 | 14,801,000 | 15,961,000 | 16,428,000 | 15,202,000 |
| Pretax margin | 5.04% | 6.54% | 5.26% | 5.28% | 8.90% | 9.50% | 11.81% | 16.16% | 17.25% | 22.47% | 22.27% | 21.04% | 20.71% | 11.43% | 8.28% | 6.55% | 6.99% | 11.53% | 15.14% | 15.95% |
June 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $772,000K ÷ $15,304,000K
= 5.04%
The pretax margin of Estee Lauder Companies Inc has varied over the periods indicated. The pretax margin represents the proportion of each dollar of revenue that translates into pre-tax profit.
The pretax margin shows a general downward trend from the high of 22.47% in March 2022 to 5.04% in June 2024, with some fluctuations in between. This indicates a potential reduction in profitability relative to revenue over time.
The decline in pretax margin could be attributed to various factors such as increasing operating expenses, changes in sales mix, pricing pressures, or other cost-related challenges. Management may need to monitor and address these factors to maintain or improve profitability.
It is essential to further analyze the company's financial statements, operational performance, and external economic factors to gain a comprehensive understanding of the drivers behind the changes in the pretax margin and to assess the overall financial health of Estee Lauder Companies Inc.
Peer comparison
Jun 30, 2024