Micron Technology Inc (MU)
Pretax margin
| Aug 31, 2024 | Aug 29, 2024 | Aug 31, 2023 | Sep 1, 2022 | Aug 31, 2022 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,240,000 | 1,229,000 | -5,658,000 | 9,575,000 | 9,571,000 |
| Revenue | US$ in thousands | 25,111,000 | 25,170,000 | 15,540,000 | 30,527,000 | 30,758,000 |
| Pretax margin | 4.94% | 4.88% | -36.41% | 31.37% | 31.12% |
August 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,240,000K ÷ $25,111,000K
= 4.94%
Micron Technology Inc's pretax margin has shown some fluctuations over the past few years. In August 2022, the pretax margin stood at 31.12%, which increased slightly to 31.37% by September 2022. However, there was a significant drop in the pretax margin to -36.41% in August 2023, indicating that the company may have incurred losses before taxes during that period.
The pretax margin recovered in the following years, reaching 4.88% in August 2024 and further improving to 4.94% by the end of the same month. Overall, fluctuations in Micron Technology Inc's pretax margin suggest varying levels of profitability and efficiency in managing costs and generating income before accounting for taxes. Further analysis of the company's financial performance and operating strategies may provide insights into the factors influencing these changes in pretax margin.
Peer comparison
Aug 31, 2024