Lancaster Colony Corporation (LANC)
Pretax margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 205,515 | 143,297 | 112,388 | 185,745 | 179,077 |
| Revenue | US$ in thousands | 1,871,720 | 1,822,640 | 1,676,360 | 1,466,850 | 1,334,000 |
| Pretax margin | 10.98% | 7.86% | 6.70% | 12.66% | 13.42% |
June 30, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $205,515K ÷ $1,871,720K
= 10.98%
Lancaster Colony Corporation's pretax margin has exhibited fluctuations over the past five years. The pretax margin increased significantly in 2020 to 13.42%, indicating strong profitability before accounting for taxes. However, in the following years, the pretax margin experienced a downward trend, reaching its lowest point at 6.70% in 2022.
The pretax margin rebounded in 2023 and 2024, showing improvements to 7.86% and 10.98%, respectively. This increase indicates that the company was able to better control its operating expenses and generate more income relative to total revenue before tax expenses.
Overall, fluctuations in Lancaster Colony Corporation's pretax margin suggest varying levels of efficiency and profitability in managing costs and generating income over the past five years.
Peer comparison
Jun 30, 2024