Micron Technology Inc (MU)
Pretax margin
| Aug 29, 2024 | Aug 31, 2023 | Sep 1, 2022 | Sep 2, 2021 | Sep 3, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,229,000 | -5,656,000 | 9,575,000 | 6,255,000 | 2,967,000 |
| Revenue | US$ in thousands | 25,170,000 | 15,206,000 | 30,527,000 | 27,545,000 | 21,284,000 |
| Pretax margin | 4.88% | -37.20% | 31.37% | 22.71% | 13.94% |
August 29, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,229,000K ÷ $25,170,000K
= 4.88%
The pretax margin of Micron Technology Inc has fluctuated over the past five years. In the most recent fiscal year ending on August 29, 2024, the pretax margin was 4.88%, indicating that the company generated a profit before taxes equivalent to 4.88% of its total revenue. This marks a significant improvement compared to the previous year when the company had a negative pretax margin of -37.20%.
Looking back further, we can see that the pretax margin was relatively high in the fiscal year ending on September 1, 2022, at 31.37%. This suggests that the company was able to effectively manage its expenses and generate higher profits. The pretax margin was also healthy in the fiscal year ending on September 2, 2021, at 22.71%.
In the fiscal year ending on September 3, 2020, Micron Technology Inc had a pretax margin of 13.94%, indicating a solid profitability position.
Overall, the trend in the pretax margin of Micron Technology Inc shows some variability, with periods of both strong profitability and challenges. Analyzing the factors contributing to these fluctuations will be crucial in understanding the company's financial performance.
Peer comparison
Aug 29, 2024