Oxford Industries Inc (OXM)

Pretax margin

		Feb 3, 2024	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	May 1, 2021	Jan 30, 2021	Oct 31, 2020	Aug 1, 2020	May 2, 2020	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	74,946	195,854	209,228	217,948	215,725	209,198	212,966	205,654	164,559	115,831	71,389	-5,089	-125,877	-87,891	-71,321	-22,788	92,430	93,014	93,717	89,788
Revenue (ttm)	US$ in thousands	1,573,231	1,553,886	1,540,289	1,483,400	1,414,128	1,332,629	1,267,325	1,232,567	1,145,748	1,063,530	990,936	854,252	748,833	826,062	892,148	1,002,160	1,123,790	1,123,729	1,116,170	1,116,811
Pretax margin		4.76%	12.60%	13.58%	14.69%	15.25%	15.70%	16.80%	16.69%	14.36%	10.89%	7.20%	-0.60%	-16.81%	-10.64%	-7.99%	-2.27%	8.22%	8.28%	8.40%	8.04%

February 3, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $74,946K ÷ $1,573,231K
= 4.76%

The pretax margin of Oxford Industries Inc has shown fluctuations over the past few quarters. From February 2020 to February 2022, the pretax margin ranged from a low of -16.81% to a high of 16.80%, indicating significant variability in the company's profitability before taxes. The pretax margin saw a notable decline in recent quarters, reaching a low of -16.81% in January 2023 before gradually improving to 4.76% in February 2024.

Overall, the trend in the pretax margin indicates some level of inconsistency in the company's ability to generate profit before accounting for taxes. It would be important to further investigate the factors influencing these fluctuations to understand the underlying drivers of the company's financial performance.