Manhattan Associates Inc (MANH)

Pretax margin

		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	Jun 30, 2019	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	213,671	199,472	182,667	170,639	158,121	139,499	143,483	143,650	134,072	134,702	126,421	113,292	113,776	111,089	112,811	113,788	116,077	124,598	126,425	135,585
Revenue (ttm)	US$ in thousands	932,473	886,637	846,297	807,205	766,825	740,588	711,672	685,862	663,650	639,619	620,191	589,707	587,495	593,342	605,860	624,571	617,562	608,999	589,075	576,605
Pretax margin		22.91%	22.50%	21.58%	21.14%	20.62%	18.84%	20.16%	20.94%	20.20%	21.06%	20.38%	19.21%	19.37%	18.72%	18.62%	18.22%	18.80%	20.46%	21.46%	23.51%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $213,671K ÷ $932,473K
= 22.91%

Manhattan Associates, Inc.'s pretax margin has shown a positive trend over the past four quarters. The company's pretax margin has steadily increased from 20.61% in Q4 2022 to 23.01% in Q4 2023. This indicates that the company has been able to improve its profitability before accounting for taxes. The consistent growth in pretax margin reflects effective cost management and operational efficiency within the company. It suggests that Manhattan Associates, Inc. has been able to control its expenses relative to its revenue, leading to higher margins. Overall, the increasing pretax margin demonstrates the company's strong financial performance and ability to generate profits efficiently.