Lancaster Colony Corporation (LANC)
Pretax margin
| Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 205,515 | 174,154 | 167,275 | 151,901 | 143,297 | 164,786 | 127,273 | 120,885 | 112,388 | 119,328 | 164,170 | 177,324 | 185,745 | 185,141 | 178,514 | 174,898 | 179,077 | 183,060 | 191,000 | 198,239 |
| Revenue (ttm) | US$ in thousands | 1,871,715 | 1,873,707 | 1,867,196 | 1,858,674 | 1,822,639 | 1,820,249 | 1,758,808 | 1,709,841 | 1,676,360 | 1,609,326 | 1,563,081 | 1,509,669 | 1,466,850 | 1,402,355 | 1,366,451 | 1,346,534 | 1,334,351 | 1,337,167 | 1,333,704 | 1,328,187 |
| Pretax margin | 10.98% | 9.29% | 8.96% | 8.17% | 7.86% | 9.05% | 7.24% | 7.07% | 6.70% | 7.41% | 10.50% | 11.75% | 12.66% | 13.20% | 13.06% | 12.99% | 13.42% | 13.69% | 14.32% | 14.93% |
June 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $205,515K ÷ $1,871,715K
= 10.98%
The pretax margin of Lancaster Colony Corporation has shown fluctuations over the past several quarters. The trend indicates some variation in the company's ability to generate profits before accounting for taxes. The pretax margin, which represents the percentage of revenue that remains as profit before taxes are deducted, has ranged from a low of 6.70% in Jun 30, 2022, to a high of 14.93% in Mar 31, 2020.
It is notable that the pretax margin has generally been above 10% in the earlier periods but has moderated in recent quarters. The decrease in pretax margin from 14.93% in Mar 31, 2020 to 10.98% in Jun 30, 2024 indicates some potential challenges in maintaining profitability levels. The company experienced a significant decline in pretax margin from Mar 31, 2023 to Dec 31, 2023, suggesting a period of decreased profitability efficiency.
Overall, the pretax margin trend suggests that Lancaster Colony Corporation has experienced fluctuations in its ability to generate profits before taxes. Further analysis of the company's operational efficiency and cost management practices may be warranted to understand the factors contributing to these fluctuations.
Peer comparison
Jun 30, 2024