Jabil Circuit Inc (JBL)

Pretax margin

		Aug 31, 2024	May 31, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020	Feb 29, 2020	Nov 30, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	1,751,000	1,868,000	1,973,000	1,198,000	1,262,000	1,244,000	1,216,000	1,213,000	1,231,000	1,116,000	1,050,000	975,000	942,000	819,199	620,277	439,652	258,000	245,287	314,737	386,935
Revenue (ttm)	US$ in thousands	29,731,000	31,237,000	32,864,000	33,262,000	34,496,000	35,012,000	34,905,000	34,363,000	33,323,000	31,701,450	30,597,290	29,874,810	29,140,990	29,008,250	28,121,180	27,402,560	27,063,170	26,546,240	26,337,560	26,279,490
Pretax margin		5.89%	5.98%	6.00%	3.60%	3.66%	3.55%	3.48%	3.53%	3.69%	3.52%	3.43%	3.26%	3.23%	2.82%	2.21%	1.60%	0.95%	0.92%	1.20%	1.47%

August 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,751,000K ÷ $29,731,000K
= 5.89%

The pretax margin of Jabil Circuit Inc has shown a slightly increasing trend over the past five quarters, with the margin being 5.89% in August 2024, compared to 5.98% in May 2024 and 6.00% in February 2024. This improvement indicates that the company's ability to generate earnings before taxes relative to its total revenue has been strengthening.

However, it is important to note that the pretax margin experienced fluctuations in the previous quarters, with a notable decline to 3.60% in November 2023 from 3.66% in August 2023. Subsequently, there was a gradual recovery in the following quarters.

Overall, the pretax margin of Jabil Circuit Inc has demonstrated a positive trajectory, showcasing the company's efficiency in managing its costs and generating profits before accounting for taxes. Understanding the factors driving these margin fluctuations would provide further insight into the company's operational performance.