Sonos Inc (SONO)
Pretax margin
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 2,633 | -27,735 | -14,378 | 4,372 | -30,608 | -15,553 | 49,265 | 68,703 | 122,414 | 143,763 | 146,676 | 156,961 | 189,218 | 113,706 | 48,907 | -20,074 | -67,527 | -23,908 | 7,175 | -1,134 |
| Revenue (ttm) | US$ in thousands | 1,574,985 | 1,550,921 | 1,602,554 | 1,672,523 | 1,683,666 | 1,682,367 | 1,777,975 | 1,752,335 | 1,795,584 | 1,802,473 | 1,735,641 | 1,716,744 | 1,697,042 | 1,567,320 | 1,409,095 | 1,327,065 | 1,281,388 | 1,292,557 | 1,328,006 | 1,259,505 |
| Pretax margin | 0.17% | -1.79% | -0.90% | 0.26% | -1.82% | -0.92% | 2.77% | 3.92% | 6.82% | 7.98% | 8.45% | 9.14% | 11.15% | 7.25% | 3.47% | -1.51% | -5.27% | -1.85% | 0.54% | -0.09% |
June 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $2,633K ÷ $1,574,985K
= 0.17%
The pretax margin of Sonos Inc has fluctuated over the past few quarters. The pretax margin was negative in the first two quarters of the fiscal year 2024, indicating that the company's expenses exceeded its pre-tax earnings during that period. However, the pretax margin turned positive in the most recent quarter, indicating some improvement in operational efficiency.
Looking at the historical trend, Sonos Inc experienced relatively high pretax margins in the fiscal years 2021 and 2022, with margins ranging from 7.25% to 11.15%. However, in the recent quarters, the pretax margins have been on a downward trend, with lower margins reported. It is essential for the company to focus on managing expenses and optimizing revenue generation to improve its profitability in the coming quarters.
Peer comparison
Jun 30, 2024