Matthews International Corporation (MATW)
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 | -69,657 | 41,065 | -104,165 | 9,285 | -105,840 |
| Revenue | US$ in thousands | 1,795,740 | 1,880,900 | 1,762,400 | 1,671,030 | 1,498,310 |
| Pretax margin | -3.88% | 2.18% | -5.91% | 0.56% | -7.06% |
September 30, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $-69,657K ÷ $1,795,740K
= -3.88%
The pretax margin of Matthews International Corporation has been fluctuating over the past five years. In Sep 30, 2024, the company had a negative pretax margin of -3.88%, which indicates that the company's pre-tax profits were insufficient to cover its operating expenses and taxes. This marks a decrease from the previous year's pretax margin of 2.18%, where the company was generating a modest profit before tax.
The company experienced a similarly negative trend in Sep 30, 2022, with a pretax margin of -5.91%, indicating a loss-making period. However, in Sep 30, 2021, the pretax margin improved to 0.56%, showing a slight return to profitability. The largest decline in profitability was observed in Sep 30, 2020, with a pretax margin of -7.06%.
Overall, the pretax margin of Matthews International Corporation has been volatile, with periods of losses and slight profitability. The company may need to focus on improving its cost management and revenue generation strategies to enhance its financial performance and sustainability.