Qorvo Inc (QRVO)
Pretax margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 73,560 | 124,629 | 1,181,080 | 807,380 | 395,089 |
| Revenue | US$ in thousands | 3,769,510 | 3,569,400 | 4,645,710 | 4,015,310 | 3,239,140 |
| Pretax margin | 1.95% | 3.49% | 25.42% | 20.11% | 12.20% |
March 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $73,560K ÷ $3,769,510K
= 1.95%
The pretax margin of Qorvo Inc has shown fluctuation over the past five years, ranging from a low of 1.95% in March 2024 to a high of 25.42% in March 2022. This indicates variability in the company's ability to generate earnings before taxes relative to its total revenue.
The decreasing trend in pretax margin from 25.42% in March 2022 to 1.95% in March 2024 suggests a decline in the company's profitability efficiency during this period. Factors such as increased expenses or a decrease in revenue could have contributed to this decline.
Conversely, the significant increase in pretax margin from 12.20% in March 2020 to 25.42% in March 2022 reflects a notable improvement in profitability efficiency. This improvement could be attributed to cost management initiatives, increased sales, or a combination of both.
Overall, fluctuations in the pretax margin of Qorvo Inc over the years indicate varying levels of profitability and efficiency in generating earnings before taxes. Further analysis of the company's financial performance and operations would be necessary to understand the underlying factors driving these changes.
Peer comparison
Mar 31, 2024