Plexus Corp (PLXS)

Pretax margin

		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	Jun 30, 2019	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	146,423	161,013	171,533	197,434	180,940	158,278	140,790	130,424	145,579	160,440	166,419	175,149	142,768	135,406	123,424	111,500	126,076	125,928	126,814	126,648
Revenue (ttm)	US$ in thousands	7,183,180	7,408,040	7,611,580	7,540,780	8,274,130	7,722,450	7,163,770	6,826,830	6,806,620	6,834,190	6,966,280	6,170,144	5,153,548	4,322,097	3,287,362	4,058,528	4,895,824	5,610,985	5,571,968	4,666,883
Pretax margin		2.04%	2.17%	2.25%	2.62%	2.19%	2.05%	1.97%	1.91%	2.14%	2.35%	2.39%	2.84%	2.77%	3.13%	3.75%	2.75%	2.58%	2.24%	2.28%	2.71%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $146,423K ÷ $7,183,180K
= 2.04%

Plexus Corp's pretax margin has shown some fluctuations over the past few quarters. The pretax margin, which represents the percentage of each dollar of revenue that results in pre-tax profit, was relatively stable around 2% in 2022. However, there was a slight increase in the margin in the first quarter of 2023, reaching 2.62%.

In the following quarters, the pretax margin remained above 2%, with a peak of 3.75% in the second quarter of 2020. This indicates that the company was able to generate more pre-tax profit per dollar of revenue during that period, possibly due to improved cost control or increased efficiency in operations.

Overall, Plexus Corp's pretax margin over the analyzed period suggests that the company has been able to maintain profitability, with some quarters showing stronger performance than others. It would be important to further analyze the factors contributing to these fluctuations to gain a deeper understanding of the company's financial performance.