Synaptics Incorporated (SYNA)

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	-124,600	126,000	322,100	111,000	157,400
Revenue	US$ in thousands	894,100	1,297,900	1,714,400	1,312,600	1,417,300
Pretax margin		-13.94%	9.71%	18.79%	8.46%	11.11%

June 30, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $-124,600K ÷ $894,100K
= -13.94%

Synaptics Incorporated's pretax margin has shown fluctuation over the past five years. In the most recent fiscal year ending June 30, 2024, the company reported a pretax margin of -13.94%, indicating that its pre-tax earnings were negative relative to its revenue. This represents a significant decline from the previous year's pretax margin of 9.71%.

In fiscal year 2022, Synaptics demonstrated a relatively strong pretax margin of 18.79%, highlighting efficient cost management and strong revenue generation. This was a notable improvement from the preceding fiscal year's pretax margin of 8.46%.

The pretax margin for fiscal year 2021 was 8.46%, indicating that the company was able to generate a reasonable level of pre-tax profit relative to its revenue. In fiscal year 2020, the pretax margin was 11.11%, suggesting a slight decrease compared to the previous year.

Overall, Synaptics' pretax margin trend has been somewhat volatile, with significant fluctuations in profitability levels over the past five years. The recent negative pretax margin in 2024 indicates a potential challenge in maintaining profitability. Further analysis of the company's cost structure and revenue generation strategies would be necessary to determine the underlying factors driving these fluctuations in pretax margin.