SanDisk Corp (SNDK)
Pretax margin
| Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 | Sep 30, 2013 | Jun 30, 2013 | Mar 31, 2013 | Dec 31, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | Dec 31, 2011 | Sep 30, 2011 | Jun 30, 2011 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 516,514 | 367,172 | 536,794 | 750,467 | 1,113,108 | 1,489,030 | 1,680,777 | 1,711,414 | 1,691,794 | 1,516,149 | 1,343,911 | 1,058,733 | 694,262 | 626,916 | 722,742 | 966,808 | 1,312,462 | 1,476,754 | 1,406,301 | 1,472,214 |
| Revenue (ttm) | US$ in thousands | 5,598,370 | 5,564,870 | 5,756,970 | 6,051,180 | 6,447,990 | 6,627,690 | 6,620,300 | 6,498,960 | 6,341,210 | 6,170,000 | 5,983,640 | 5,631,680 | 5,187,680 | 5,052,510 | 5,087,930 | 5,230,770 | 5,573,500 | 5,662,140 | 5,412,620 | 5,230,260 |
| Pretax margin | 9.23% | 6.60% | 9.32% | 12.40% | 17.26% | 22.47% | 25.39% | 26.33% | 26.68% | 24.57% | 22.46% | 18.80% | 13.38% | 12.41% | 14.21% | 18.48% | 23.55% | 26.08% | 25.98% | 28.15% |
March 31, 2016 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $516,514K ÷ $5,598,370K
= 9.23%
The pretax margin of SanDisk Corp has shown some fluctuations over the periods analyzed. The data indicates that the pretax margin was relatively stable around 25-28% in 2011 and early 2012, reflecting healthy profitability. However, there was a noticeable decline in the pretax margin from June 2012 to March 2013, dropping to around 12-14%.
From March 2013 onwards, there was a gradual recovery in the pretax margin, reaching a peak of 26.68% in March 2014. After that, the pretax margin remained above 20% until June 2015. However, a significant drop was observed in the second half of 2015, with the pretax margin falling to single digits.
The decreasing trend continued until March 2016, where the pretax margin improved slightly but remained below the levels seen in the earlier periods. Overall, the pretax margin trend of SanDisk Corp suggests fluctuations in profitability over the analyzed periods, with some challenges being faced in maintaining consistent levels of pre-tax earnings relative to total revenue.