Super Micro Computer Inc (SMCI)
Pretax margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,215,960 | 750,664 | 338,039 | 118,801 | 87,230 |
| Revenue | US$ in thousands | 14,989,300 | 7,123,480 | 5,196,100 | 3,557,420 | 3,339,280 |
| Pretax margin | 8.11% | 10.54% | 6.51% | 3.34% | 2.61% |
June 30, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,215,960K ÷ $14,989,300K
= 8.11%
The pretax margin of Super Micro Computer Inc has shown a steady improvement over the past five years. From June 30, 2020, where it stood at 2.61%, the margin increased to 3.34% by June 30, 2021, showcasing an initial uptrend. Subsequently, the margin experienced a significant surge to 6.51% by June 30, 2022, indicating enhanced operational efficiency and profitability.
The positive momentum continued into the following year, with the pretax margin further expanding to 10.54% by June 30, 2023, reaching a notable peak. However, in the most recent period up to June 30, 2024, there was a slight decrease in the pretax margin to 8.11%, albeit remaining significantly higher compared to the initial years.
Overall, the upward trend in Super Micro Computer Inc's pretax margin reflects improved cost management strategies, higher revenue generation, or a combination of both factors. This progression suggests that the company has been effectively controlling its expenses relative to its operating income, resulting in a more profitable bottom line.
Peer comparison
Jun 30, 2024