Liquidity Services Inc (LQDT)
Pretax margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 27,260 | 29,017 | 47,653 | 27,579 | -2,973 |
| Revenue | US$ in thousands | 367,205 | 317,498 | 280,423 | 258,046 | 207,151 |
| Pretax margin | 7.42% | 9.14% | 16.99% | 10.69% | -1.44% |
September 30, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $27,260K ÷ $367,205K
= 7.42%
Liquidity Services Inc's pretax margin has experienced fluctuations over the past five fiscal years. In 2024, the pretax margin decreased to 7.42% from 9.14% in 2023. This decline indicates a decrease in profitability before accounting for taxes in the most recent fiscal year.
Compared to 2022, where the pretax margin was 16.99%, the company experienced a substantial decrease in profitability. The significant drop in pretax margin suggests a potential decline in operational efficiency or an increase in costs relative to revenue.
The pretax margin in 2021 was 10.69%, reflecting a decent level of profitability, although lower than the peak in 2022. Notably, the company recorded a negative pretax margin of -1.44% in 2020, indicating that expenses exceeded revenues before considering taxes.
Overall, Liquidity Services Inc's pretax margin trend demonstrates varying levels of profitability performance in recent years, underscoring the company's financial stability and operational effectiveness.
Peer comparison
Sep 30, 2024