Ross Stores Inc (ROST)

Pretax margin

		Feb 3, 2024	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	May 1, 2021	Jan 30, 2021	Oct 31, 2020	Aug 1, 2020	May 2, 2020	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	2,471,781	2,256,944	2,114,392	2,025,282	1,987,489	1,879,402	1,932,556	2,084,420	2,258,540	2,168,073	1,800,534	1,199,168	106,297	314,062	660,051	1,152,640	2,164,288	2,120,660	2,081,831	2,050,755
Revenue (ttm)	US$ in thousands	20,541,060	19,703,320	19,303,440	18,903,660	18,692,980	18,458,850	18,446,360	18,660,290	18,841,920	18,069,620	17,239,590	15,109,180	12,448,160	12,634,370	12,762,120	14,090,910	16,057,180	15,753,150	15,452,190	15,206,860
Pretax margin		12.03%	11.45%	10.95%	10.71%	10.63%	10.18%	10.48%	11.17%	11.99%	12.00%	10.44%	7.94%	0.85%	2.49%	5.17%	8.18%	13.48%	13.46%	13.47%	13.49%

February 3, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $2,471,781K ÷ $20,541,060K
= 12.03%

The pretax margin of Ross Stores Inc has fluctuated over the past few quarters, ranging from a low of 0.85% in January 2021 to a high of 13.49% in May 2019. The company's pretax margin indicates the percentage of each dollar of revenue that translates into pre-tax profit, with higher margins generally considered favorable.

In recent quarters, the pretax margin has shown some volatility, with a slight decline in the most recent quarter to 12.03% from 11.45% in the previous quarter. However, the current pretax margin remains relatively strong compared to historical levels, suggesting that the company continues to effectively control its operating expenses and generate profits.

Overall, the pretax margin trend for Ross Stores Inc indicates a level of stability and efficiency in its operations, although there may be opportunities for further optimization to enhance profitability in the future.