Liveramp Holdings Inc (RAMP)

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	36,151	6,727	-39,528	-81,428	-113,450	-103,642	-93,820	-72,978	-35,075	-59,371	-61,211	-82,256	-120,800	-106,962	-129,422	-147,838	-164,787	962,357	962,877	969,890
Revenue (ttm)	US$ in thousands	659,661	636,435	621,181	608,409	596,583	589,682	571,671	551,862	528,657	506,107	485,256	462,627	443,026	429,552	412,016	397,498	380,487	353,102	330,906	305,575
Pretax margin		5.48%	1.06%	-6.36%	-13.38%	-19.02%	-17.58%	-16.41%	-13.22%	-6.63%	-11.73%	-12.61%	-17.78%	-27.27%	-24.90%	-31.41%	-37.19%	-43.31%	272.54%	290.98%	317.40%

March 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $36,151K ÷ $659,661K
= 5.48%

The pretax margin of Liveramp Holdings Inc has fluctuated significantly over the past few quarters. In the more recent periods, the pretax margin has shown improvement, with the March 31, 2024 figure standing at 5.48%. This indicates that the company generated a pretax profit of 5.48 cents for every dollar of revenue before accounting for taxes.

Looking at historical data, the pretax margin was notably negative in the quarters from December 2020 to September 2023, with the lowest point reaching -43.31% in March 2020. This suggests that during these periods, the company was experiencing challenges in generating profits before tax expenses.

The significant improvement in pretax margin in the recent quarters could signify improvements in the company's operational efficiency, cost management, or revenue growth strategies. Investors and analysts may be interested in further understanding the factors contributing to this positive trend to assess the company's financial health and future prospects. However, given the fluctuations in the pretax margin seen in the historical data, it is important to monitor future financial performance to determine if the recent improvements can be sustained.