Lindsay Corporation (LNN)
Pretax margin
| Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 100,375 | 87,868 | 50,386 | 48,843 | 2,107 |
| Revenue | US$ in thousands | 674,084 | 770,743 | 567,646 | 474,692 | 444,072 |
| Pretax margin | 14.89% | 11.40% | 8.88% | 10.29% | 0.47% |
August 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $100,375K ÷ $674,084K
= 14.89%
The pretax margin of Lindsay Corporation has shown a positive trend over the past five years. In the most recent fiscal year ending August 31, 2023, the pretax margin increased to 14.89%, reflecting a notable improvement compared to the previous year's 11.40%. This indicates that the company's ability to generate profits before accounting for taxes has strengthened significantly.
Furthermore, the pretax margin saw a substantial uptick from the 8.88% reported in the fiscal year 2021. This upward trajectory suggests that the company has effectively managed its operating expenses and other costs in relation to its revenue, leading to enhanced profitability.
The pretax margin was also relatively strong in the fiscal year 2020, standing at 10.29%, and exhibited a significant improvement compared to the mere 0.47% reported in the fiscal year 2019. This substantial increase reflects the company's successful efforts in increasing its operational efficiency and controlling costs.
Overall, the upward trend in Lindsay Corporation's pretax margin reflects a positive financial performance and efficient management of expenses, ultimately contributing to improved profitability and financial health.
Peer comparison
Aug 31, 2023