Synaptics Incorporated (SYNA)

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	-124,600	-132,200	-81,700	-18,300	126,000	285,500	347,600	379,700	322,100	240,900	175,800	156,300	111,000	188,300	179,300	159,100	157,900	8,800	-15,000	-26,500
Revenue (ttm)	US$ in thousands	894,300	872,400	962,300	1,082,700	1,299,300	1,559,400	1,709,700	1,780,700	1,705,000	1,548,600	1,408,800	1,350,000	1,311,600	1,386,300	1,388,600	1,419,300	1,430,800	1,330,700	1,336,600	1,373,800
Pretax margin		-13.93%	-15.15%	-8.49%	-1.69%	9.70%	18.31%	20.33%	21.32%	18.89%	15.56%	12.48%	11.58%	8.46%	13.58%	12.91%	11.21%	11.04%	0.66%	-1.12%	-1.93%

June 30, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-124,600K ÷ $894,300K
= -13.93%

The pretax margin of Synaptics Incorporated has shown fluctuations over the past few quarters. The company's pretax margin has been negative in some quarters, indicating that expenses have exceeded revenues before accounting for taxes. However, there have been periods of positive pretax margins, with the highest being 21.32% in December 2022.

The trend in pretax margin suggests that the company's profitability has varied, possibly due to factors such as changes in revenue, operating expenses, and cost management strategies. It is important for investors and stakeholders to closely monitor the company's financial performance to understand the factors contributing to these fluctuations in pretax margin.