Sanmina Corporation (SANM)

Pretax margin

		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	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	360,642	391,649	385,979	371,707	336,707	305,942	291,081	309,596	286,036	281,641	296,124	257,994	221,815	200,508	178,178	177,492	235,495	246,035	195,132	177,174
Revenue (ttm)	US$ in thousands	8,427,300	8,913,590	9,094,690	8,915,390	8,514,240	7,922,760	7,348,510	6,984,030	6,759,880	6,753,930	6,978,280	6,979,700	6,875,450	6,960,370	6,977,620	7,349,930	7,886,020	8,233,870	8,218,000	8,004,370
Pretax margin		4.28%	4.39%	4.24%	4.17%	3.95%	3.86%	3.96%	4.43%	4.23%	4.17%	4.24%	3.70%	3.23%	2.88%	2.55%	2.41%	2.99%	2.99%	2.37%	2.21%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $360,642K ÷ $8,427,300K
= 4.28%

The pretax margin of Sanmina Corporation has shown some fluctuations over the past few quarters. The pretax margin for the most recent quarter, ended December 31, 2023, was 4.28%, slightly lower than the previous quarter's 4.39%. This indicates that the company's earnings before taxes as a percentage of total revenue decreased slightly.

Looking at the trend over the past year, the pretax margin has generally been in the range of 3.70% to 4.43%. The highest pretax margin was observed in the quarter ended March 31, 2022, at 4.43%, while the lowest was in the quarter ended March 31, 2020, at 2.41%.

Overall, while there have been some fluctuations in the pretax margin, it has generally remained within a relatively narrow range, indicating a consistent level of profitability before taxes relative to revenue. It would be important for stakeholders to monitor any trends in the pretax margin to assess the company's efficiency in generating profits.