Scholastic Corporation (SCHL)
Pretax margin
| May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 16,200 | 64,400 | 72,900 | 72,200 | 112,200 | 70,400 | 76,500 | 64,700 | 89,600 | 43,800 | 41,900 | 400 | -18,300 | -73,600 | -111,800 | -54,500 | -89,800 | -10,600 | 28,700 | 22,300 |
| Revenue (ttm) | US$ in thousands | 1,587,800 | 1,641,800 | 1,643,800 | 1,669,400 | 1,702,600 | 1,691,700 | 1,709,500 | 1,644,600 | 1,640,000 | 1,521,500 | 1,454,900 | 1,337,400 | 1,294,100 | 1,182,900 | 1,278,700 | 1,469,700 | 1,487,100 | 1,673,800 | 1,660,600 | 1,668,100 |
| Pretax margin | 1.02% | 3.92% | 4.43% | 4.32% | 6.59% | 4.16% | 4.47% | 3.93% | 5.46% | 2.88% | 2.88% | 0.03% | -1.41% | -6.22% | -8.74% | -3.71% | -6.04% | -0.63% | 1.73% | 1.34% |
May 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $16,200K ÷ $1,587,800K
= 1.02%
The pretax margin of Scholastic Corporation has exhibited variability over the past several periods. The pretax margin represents the proportion of each dollar of revenue that translates into pre-tax profit.
Looking at the data, we observe that the pretax margin ranged from a low of -8.74% to a high of 6.59% over the analyzed periods. The downward trends in pretax margin in the periods ending May 31, 2021, and February 28, 2021 indicate that the company faced challenges generating profits before taxes during those periods.
However, Scholastic Corporation managed to improve its performance in subsequent periods, with pretax margins exceeding 4% in most cases. This increase indicates that the company was able to enhance its operational efficiency and control costs, leading to better profitability.
It is essential to continue monitoring the pretax margin trend to assess the company's ability to sustain and improve profitability over time. Additional analysis, such as comparing the pretax margin with industry benchmarks or examining the factors influencing profitability, could provide further insights into Scholastic Corporation's financial performance.
Peer comparison
May 31, 2024