Flex Ltd (FLEX)
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 | 800,000 | 734,000 | 1,041,000 | 714,000 | 159,000 |
| Revenue | US$ in thousands | 26,184,000 | 30,152,000 | 25,920,000 | 23,995,000 | 24,212,300 |
| Pretax margin | 3.06% | 2.43% | 4.02% | 2.98% | 0.66% |
March 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $800,000K ÷ $26,184,000K
= 3.06%
Flex Ltd's pretax margin has shown fluctuation over the past five years. The company's pretax margin increased from 0.66% in March 2020 to 4.02% in March 2022, indicating improved profitability during this period. However, in the subsequent years, the pretax margin experienced a slight decline to 2.98% in March 2021 and further decreased to 2.43% in March 2023. The latest data available for March 2024 shows a pretax margin of 3.06%, reflecting a modest improvement compared to the previous year but still lower than the peak in 2022.
Overall, while there have been fluctuations in Flex Ltd's pretax margin, it is important for the company to continue monitoring and managing its profitability metrics to ensure sustained financial performance.
Peer comparison
Mar 31, 2024