Medtronic PLC (MDT)
Pretax margin
| Apr 30, 2024 | Apr 26, 2024 | Apr 30, 2023 | Apr 28, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 4,837,000 | 4,809,000 | 5,364,000 | 5,338,000 | 5,517,000 |
| Revenue | US$ in thousands | 32,364,000 | 32,961,000 | 31,227,000 | 31,528,000 | 31,686,000 |
| Pretax margin | 14.95% | 14.59% | 17.18% | 16.93% | 17.41% |
April 30, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $4,837,000K ÷ $32,364,000K
= 14.95%
To analyze Medtronic PLC's pre-tax margin, we can observe the trend over the specified periods:
- April 30, 2022: The pre-tax margin was 17.41%.
- April 28, 2023: The pre-tax margin decreased slightly to 16.93%.
- April 30, 2023: There was a marginal improvement in the pre-tax margin to 17.18%.
- April 26, 2024: The pre-tax margin experienced a noticeable decline to 14.59%.
- April 30, 2024: There was a slight recovery in the pre-tax margin to 14.95%.
Overall, Medtronic PLC's pre-tax margin fluctuated during the specified periods, showing some variability in profitability before ending with a slight improvement. It is essential to monitor the pre-tax margin closely to assess the company's efficiency in generating profits before considering taxes.
Peer comparison
Apr 30, 2024