Standex International Corporation (SXI)
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 | 94,606 | 163,788 | 81,193 | 50,673 | 33,248 |
| Revenue | US$ in thousands | 720,909 | 797,947 | 729,921 | 636,329 | 604,535 |
| Pretax margin | 13.12% | 20.53% | 11.12% | 7.96% | 5.50% |
June 30, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $94,606K ÷ $720,909K
= 13.12%
The pretax margin of Standex International Corporation has shown fluctuations over the past five years. Between June 30, 2020, and June 30, 2024, the pretax margin has been on an upward trend, starting at 5.50% in 2020 and reaching 13.12% in 2024.
The pretax margin was at a relatively high level in 2023 at 20.53%, indicating efficient cost management relative to the company's revenue generation. However, in 2021 and 2022, the pretax margin dipped to 7.96% and 11.12%, respectively, which might suggest challenges in controlling operating expenses compared to revenue during those periods.
The most recent pretax margin of 13.12% in 2024 shows an improvement compared to the previous years, which could potentially reflect enhanced operational efficiency or better cost control measures within the company. Such an increase in pretax margin may indicate an improvement in the company's overall profitability before accounting for taxes.
Peer comparison
Jun 30, 2024