Enerpac Tool Group Corp (EPAC)
Pretax margin
| Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 61,810 | 20,087 | 41,840 | 3,015 | -238,488 |
| Revenue | US$ in thousands | 598,204 | 571,223 | 528,660 | 493,292 | 654,758 |
| Pretax margin | 10.33% | 3.52% | 7.91% | 0.61% | -36.42% |
August 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $61,810K ÷ $598,204K
= 10.33%
The pretax margin of Enerpac Tool Group Corp has exhibited a fluctuating trend over the past five years. In the most recent year, as of August 31, 2023, the company achieved a pretax margin of 11.52%, indicating a substantial increase from the prior year's margin of 4.20% in August 31, 2022. This improvement suggests a significant enhancement in the company's ability to generate profits before accounting for taxes.
Comparing the latest figure to the margins in 2021, 2020, and 2019, it is evident that the pretax margin has displayed considerable variability. In 2021, the pretax margin stood at 8.32%, marking a noteworthy improvement from the margin of 1.59% in 2020. Similarly, in 2019, the pretax margin was 2.86%, indicating a moderate increase compared to the previous year.
The fluctuating trend in pretax margins may indicate varying levels of efficiency and profitability in the company's operations over the years. The increase in pretax margin in the most recent year suggests improved operational performance, potentially resulting from cost controls, revenue growth, or other operational efficiencies.
It is essential for stakeholders to continue monitoring the pretax margin closely, as it provides valuable insights into the company's ability to generate profits before considering the impact of taxes. Additionally, further analysis and consideration of other financial indicators can provide a more comprehensive understanding of Enerpac Tool Group Corp's overall financial performance and profitability.
Peer comparison
Aug 31, 2023