Smart Global Holdings Inc (SGH)
Pretax margin
| Aug 25, 2023 | Aug 26, 2022 | Aug 27, 2021 | Aug 28, 2020 | Aug 30, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -236,729 | 84,631 | 30,999 | 9,360 | 66,204 |
| Revenue | US$ in thousands | 1,388,900 | 1,792,800 | 1,559,310 | 1,162,720 | 1,305,460 |
| Pretax margin | -17.04% | 4.72% | 1.99% | 0.81% | 5.07% |
August 25, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-236,729K ÷ $1,388,900K
= -17.04%
The pretax margin of SMART Global Holdings Inc has exhibited variability over the past five years. In the most recent period of August 25, 2023, the pretax margin stood at -2.74%, marking a decline from the previous year's figure of 4.86% on August 26, 2022. This negative pretax margin suggests that the company's expenses and costs exceeded its revenue, leading to a loss before taxes. Comparatively, in the preceding years, the pretax margin fluctuated, with the highest value of 5.46% on August 30, 2019 and the lowest at 0.83% on August 28, 2020. This indicates that the company's profitability before tax has been subject to fluctuations, reflecting changing market conditions and internal factors impacting the company's financial performance.
Peer comparison
Aug 25, 2023