Ralph Lauren Corp Class A (RL)
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 | 777,400 | 715,100 | 665,700 | 700,300 | 691,900 | 672,000 | 668,800 | 706,800 | 754,600 | 690,000 | 575,000 | 307,800 | -74,800 | -326,700 | -258,500 | 7,200 | 326,400 | 648,900 | 618,000 | 596,200 |
| Revenue (ttm) | US$ in thousands | 6,631,400 | 6,604,300 | 6,502,600 | 6,449,500 | 6,443,600 | 6,425,500 | 6,408,600 | 6,332,800 | 6,218,500 | 5,982,800 | 5,600,200 | 5,289,600 | 4,400,800 | 4,387,900 | 4,705,800 | 5,218,500 | 6,159,800 | 6,391,400 | 6,366,500 | 6,351,200 |
| Pretax margin | 11.72% | 10.83% | 10.24% | 10.86% | 10.74% | 10.46% | 10.44% | 11.16% | 12.13% | 11.53% | 10.27% | 5.82% | -1.70% | -7.45% | -5.49% | 0.14% | 5.30% | 10.15% | 9.71% | 9.39% |
March 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $777,400K ÷ $6,631,400K
= 11.72%
The pretax margin of Ralph Lauren Corp Class A has exhibited some fluctuation over the past few quarters. The pretax margin for the most recent quarter ending March 31, 2024, was 11.72%, showing a slight improvement compared to the previous quarter. This suggests that the company was able to effectively manage its expenses relative to its revenue before accounting for taxes.
Looking at the trend over the past few quarters, the pretax margin has generally been within the range of 10% to 12%, indicating a consistent profitability level. However, there was a notable decline in the pretax margin in the fourth quarter of 2021 and the first quarter of 2022, with negative margins reported in those periods. This could be a concerning sign for the company's financial performance during that time.
Overall, while the recent pretax margin of 11.72% is relatively healthy, investors may want to closely monitor future financial reports to ensure the company can sustain or potentially improve its profitability levels in the coming quarters.
Peer comparison
Mar 31, 2024