Ralph Lauren Corp Class A (RL)

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	777,400	691,900	754,600	-74,800	326,400
Revenue	US$ in thousands	6,631,400	6,443,600	6,218,500	4,400,800	6,159,800
Pretax margin		11.72%	10.74%	12.13%	-1.70%	5.30%

March 31, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $777,400K ÷ $6,631,400K
= 11.72%

The pretax margin of Ralph Lauren Corp Class A has shown fluctuating trends over the past five years. In the fiscal year ending March 31, 2024, the pretax margin increased to 11.72%, reflecting an improvement compared to the previous year's 10.74%. This indicates that the company was able to generate more profit before taxes relative to its total revenue.

The pretax margin was highest in the fiscal year ending March 31, 2022, at 12.13%, showcasing strong profitability during that period. However, in the fiscal year ending March 31, 2021, the company experienced a negative pretax margin of -1.70%, signaling that expenses exceeded revenue before tax considerations.

The following fiscal year ending March 31, 2020, saw a pretax margin of 5.30%, demonstrating a moderate level of profitability. Overall, the pretax margin of Ralph Lauren Corp Class A has exhibited variability, with some years delivering strong performance while others facing challenges in managing expenses and generating profit before tax.