Exelixis Inc (EXEL)

Pretax margin

		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	Jun 30, 2019	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	257,521	123,055	209,279	197,401	234,352	383,800	345,018	381,398	294,154	204,260	112,979	68,787	130,837	187,724	348,402	367,473	398,109	429,467	435,764	424,392
Revenue (ttm)	US$ in thousands	1,830,208	1,774,473	1,714,291	1,663,870	1,611,062	1,638,285	1,554,970	1,520,720	1,434,970	1,253,882	1,156,551	1,030,853	987,538	957,796	998,407	979,203	967,775	956,067	909,761	855,594
Pretax margin		14.07%	6.93%	12.21%	11.86%	14.55%	23.43%	22.19%	25.08%	20.50%	16.29%	9.77%	6.67%	13.25%	19.60%	34.90%	37.53%	41.14%	44.92%	47.90%	49.60%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $257,521K ÷ $1,830,208K
= 14.07%

The pretax margin of Exelixis Inc has shown fluctuations over the analyzed periods. The highest pretax margin was observed at 49.60% in March 2019, indicating that the company was able to generate significant profits before accounting for taxes at that time. However, the pretax margin has since declined, with the most recent figure at 14.07% as of December 2023.

The decline in pretax margin could be attributed to various factors such as changes in operating expenses, revenues, or tax liabilities. It is essential for Exelixis Inc to monitor and manage its costs effectively while optimizing revenue generation to improve its pretax margin.

Overall, the trend in Exelixis Inc's pretax margin suggests that the company's profitability before tax has fluctuated over the analyzed periods, indicating the need for continued financial management and strategic decision-making to enhance overall financial performance.