Qorvo Inc (QRVO)
Pretax margin
| 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 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 73,517 | -155,013 | -113,950 | -6,553 | 124,672 | 571,154 | 857,143 | 962,017 | 1,181,098 | 1,220,415 | 1,160,717 | 1,009,006 | 807,402 | 585,251 | 544,926 | 446,914 | 395,089 | 380,671 | 268,369 | 199,139 |
| Revenue (ttm) | US$ in thousands | 3,769,502 | 3,461,217 | 3,130,638 | 3,185,208 | 3,569,404 | 4,102,861 | 4,473,540 | 4,570,730 | 4,645,720 | 4,552,290 | 4,533,160 | 4,338,200 | 4,015,301 | 3,730,343 | 3,504,586 | 3,250,994 | 3,239,141 | 3,132,251 | 3,095,508 | 3,173,253 |
| Pretax margin | 1.95% | -4.48% | -3.64% | -0.21% | 3.49% | 13.92% | 19.16% | 21.05% | 25.42% | 26.81% | 25.61% | 23.26% | 20.11% | 15.69% | 15.55% | 13.75% | 12.20% | 12.15% | 8.67% | 6.28% |
March 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $73,517K ÷ $3,769,502K
= 1.95%
The pretax margin of Qorvo Inc has shown fluctuations over the past several quarters. In the most recent quarter, as of March 31, 2024, the pretax margin was 1.95%. This indicates that for every dollar of sales generated, the company retained approximately 1.95 cents as pre-tax profit.
Comparing this to the previous quarters, the pretax margin had been negative in the fourth quarter of 2023 (-4.48%) and third quarter of 2023 (-3.64%). This suggests that the company experienced operating losses during those periods, which may have been impacted by various factors such as costs exceeding revenues.
It is worth noting that the pretax margin had been relatively strong in the second quarter of 2022 (21.05%) and the first quarter of 2022 (25.42%), indicating higher profitability levels during that period. However, the margin has been gradually declining since then.
Overall, the trend in Qorvo Inc's pretax margin suggests fluctuations in profitability, which may be influenced by factors such as revenue growth, operating costs, and overall financial performance. Further analysis of the company's financial statements and business operations could provide more insights into the drivers behind these fluctuations.
Peer comparison
Mar 31, 2024