Jabil Circuit Inc (JBL)
Pretax margin
| 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 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 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 | 449,000 | 455,355 |
| Revenue (ttm) | US$ in thousands | 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 | 25,282,320 | 24,451,590 |
| Pretax margin | 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% | 1.78% | 1.86% |
February 29, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,973,000K ÷ $32,864,000K
= 6.00%
The pretax margin of Jabil Circuit Inc has shown a fluctuating trend over the past few quarters. In the most recent quarter ending on February 29, 2024, the pretax margin stood at 6.00%, indicating that the company generated $0.06 of pre-tax profit for every $1 of revenue before accounting for taxes.
Comparing this to the previous quarters, we see an improvement in profitability as the pretax margin was 3.60% in November 30, 2023, 3.66% in August 31, 2023, and 3.55% in May 31, 2023. This increase in pretax margin over the recent quarters may indicate better cost management or improved revenue generation.
However, it's important to note that the historical data shows fluctuations in the pretax margin, with some quarters showing lower margins such as 1.60% in February 28, 2021, and 0.92% in May 31, 2020. This suggests that Jabil Circuit Inc has experienced periods of lower profitability in the past.
Overall, the upward trend in the pretax margin in the most recent quarters may suggest improved operational efficiency and better financial performance for Jabil Circuit Inc. Monitoring this ratio over time can provide insights into the company's ability to generate profits before accounting for taxes.
Peer comparison
Feb 29, 2024