Sonos Inc (SONO)
Pretax margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -27,151 | 4,394 | 68,730 | 156,925 | -20,083 |
| Revenue | US$ in thousands | 1,520,930 | 1,661,860 | 1,741,010 | 1,716,560 | 1,324,680 |
| Pretax margin | -1.79% | 0.26% | 3.95% | 9.14% | -1.52% |
September 30, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $-27,151K ÷ $1,520,930K
= -1.79%
Based on the data provided, Sonos Inc’s pretax margin has fluctuated over the past five years. The pretax margin was negative at -1.79% in 2024, which indicates that the company's expenses exceeded its revenues before accounting for taxes. This decline in profitability from the previous year's 0.26% suggests potential cost inefficiencies or declining sales.
In 2023, the pretax margin improved slightly to 0.26%, but still remained relatively low compared to previous years. The significant drop from 3.95% in 2022 to 0.26% in 2023 indicates a notable reduction in profitability, possibly due to increased expenses or declining revenue.
In 2022, the pretax margin was 3.95%, indicating that the company generated a profit of 3.95 cents for every dollar of revenue before taxes. This suggests solid operational efficiency and profitability during that year. However, the pretax margin had declined from 9.14% in 2021, which could be a result of various factors impacting the company's financial performance.
In 2021, Sonos Inc achieved a pretax margin of 9.14%, reflecting strong profitability and efficient cost management. This positive trend followed a negative pretax margin of -1.52% in 2020, indicating a significant turnaround in the company's financial performance.
In summary, Sonos Inc's pretax margin has shown variability over the past five years, with a mix of positive and negative trends. Analysis of the company's cost structure, revenue streams, and overall financial health would be important to understand the factors driving these fluctuations in profitability.
Peer comparison
Sep 30, 2024