Phibro Animal Health Corporation (PAHC)

Pretax margin

		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	Dec 31, 2020	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	10,916	25,949	28,131	36,675	54,071	44,999	56,728	68,149	72,327	76,083	67,032	59,554	66,468	66,724	67,606	68,449	55,512	48,342	49,193	52,372
Revenue (ttm)	US$ in thousands	993,816	966,848	952,851	955,955	960,113	955,995	953,390	945,191	935,602	907,274	879,384	852,821	833,350	798,955	797,965	805,828	800,354	818,354	813,351	817,562
Pretax margin		1.10%	2.68%	2.95%	3.84%	5.63%	4.71%	5.95%	7.21%	7.73%	8.39%	7.62%	6.98%	7.98%	8.35%	8.47%	8.49%	6.94%	5.91%	6.05%	6.41%

June 30, 2024 calculation

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

Phibro Animal Health Corporation's pretax margin has shown some fluctuations over the analyzed period. The pretax margin represents the company's ability to generate profits before the impact of taxes on its revenue.

Looking at the data, the pretax margin has ranged from 1.10% to 8.49% over the past several quarters. The highest pretax margin of 8.49% was observed in Dec 31, 2020, showing a strong ability to generate profits before tax expenses. On the other hand, the lowest pretax margin of 1.10% was recorded in Jun 30, 2024, indicating a lower level of profitability during this period.

Overall, the trend in pretax margin seems to have varied, with fluctuations in profitability levels. It would be important to further analyze the factors contributing to these fluctuations to understand the underlying reasons for the changes in pretax margin at Phibro Animal Health Corporation.