Phibro Animal Health Corporation (PAHC)

Pretax margin

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Earnings before tax but after interest (EBT)	US$ in thousands	10,916	54,071	72,327	66,468	55,512
Revenue	US$ in thousands	993,816	960,113	935,602	833,350	800,354
Pretax margin		1.10%	5.63%	7.73%	7.98%	6.94%

June 30, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $10,916K ÷ $993,816K
= 1.10%

The pretax margin of Phibro Animal Health Corporation has shown a decreasing trend over the past five years, declining from 7.98% in June 2021 to 1.10% in June 2024. This indicates that the company's profitability before taxes has been eroding. The significant drop in pretax margin suggests that the company's ability to generate profits from its operations has weakened over the period under review. Further investigation into the factors driving this decline in profitability would be necessary to understand the challenges facing Phibro Animal Health Corporation.