Myriad Genetics Inc (MYGN)

Pretax margin

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	-116,600	-156,600	-235,500	-262,200	-282,000	-265,000	-166,800	-140,600	-132,000	-48,000	-33,900	-57,100	-57,300	-155,500	-282,800	-244,600	-223,200	-172,400	-38,000	-23,000
Revenue (ttm)	US$ in thousands	817,300	794,900	766,400	745,400	731,500	696,200	691,900	675,200	820,600	831,200	839,900	846,300	666,200	590,100	564,400	586,600	627,900	750,000	801,700	822,500
Pretax margin		-14.27%	-19.70%	-30.73%	-35.18%	-38.55%	-38.06%	-24.11%	-20.82%	-16.09%	-5.77%	-4.04%	-6.75%	-8.60%	-26.35%	-50.11%	-41.70%	-35.55%	-22.99%	-4.74%	-2.80%

September 30, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-116,600K ÷ $817,300K
= -14.27%

Myriad Genetics Inc's pretax margin has shown a fluctuating trend over the past few quarters. The pretax margin indicates the company's efficiency in generating profits before taxes relative to its total revenue.

The data reveals that the company experienced negative pretax margins in most of the quarters, with values ranging from -50.11% in March 2021 to -4.04% in June 2022. This indicates that the company's expenses, particularly operating costs and interest payments, have been higher than its operating income during these periods.

The pretax margin deteriorated significantly in the last two quarters, reaching -19.70% in June 2024 and -14.27% in September 2024. This suggests that the company's profitability has been further impacted by factors such as declining revenues, increasing costs, or other operational challenges.

Overall, the downward trend in Myriad Genetics Inc's pretax margin indicates a potential need for the company to review its cost structure, streamline its operations, or explore revenue-generating opportunities to improve profitability and financial performance in the future.