Sonos Inc (SONO)
Pretax margin
| Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -27,120 | 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 |
| Revenue (ttm) | US$ in thousands | 1,525,344 | 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 |
| Pretax margin | -1.78% | 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% |
September 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-27,120K ÷ $1,525,344K
= -1.78%
The pretax margin of Sonos Inc has shown some variability over the past few quarters. The pretax margin, which is a measure of a company's operating efficiency and profitability before taxes, has fluctuated from negative to positive values in recent quarters.
For the most recent quarter ending September 30, 2024, the pretax margin was reported at -1.78%, indicating that the company incurred a loss before tax expenses during this period. This represents a decline from the previous quarter when the pretax margin was 0.17%.
Looking back over the past several quarters, Sonos Inc experienced a mix of positive and negative pretax margins, with higher values observed in earlier periods. The company's pretax margin reached its peak at 11.15% in March 2021. However, it has since declined and remained relatively lower in recent quarters.
Overall, the fluctuating pretax margin trend suggests potential challenges in maintaining consistent profitability and operational efficiency for Sonos Inc. It may be important for the company to continue to monitor and address factors impacting its margin to achieve sustainable financial performance in the future.
Peer comparison
Sep 30, 2024