Bio-Techne Corp (TECH)

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	185,690	232,345	251,457	284,499	338,478	328,823	317,994	345,858	310,338	239,106	215,473	177,678	149,000	203,098	204,185	298,013	276,480	237,738	240,794	112,235
Revenue (ttm)	US$ in thousands	1,159,360	1,137,352	1,130,708	1,131,664	1,137,169	1,125,274	1,120,378	1,117,527	1,094,290	1,064,304	1,017,313	971,607	917,080	837,177	786,479	745,873	724,111	739,941	729,495	718,184
Pretax margin		16.02%	20.43%	22.24%	25.14%	29.76%	29.22%	28.38%	30.95%	28.36%	22.47%	21.18%	18.29%	16.25%	24.26%	25.96%	39.95%	38.18%	32.13%	33.01%	15.63%

June 30, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $185,690K ÷ $1,159,360K
= 16.02%

The pretax margin of Bio-Techne Corp has shown fluctuations over the past several quarters. The pretax margin represents the percentage of each dollar of revenue that the company retains as profit before paying taxes.

In the most recent quarter, ending June 30, 2024, the pretax margin stood at 16.02%, showing a decrease from the previous quarter's level of 20.43% ending March 31, 2024. This declining trend indicates that the company's profitability before taxes has weakened in the latest period.

Looking back over the past few years, the pretax margin has displayed variability, reaching a peak of 39.95% in the quarter ending December 31, 2020, and a low of 15.63% in the quarter ending September 30, 2019. The company experienced a significant improvement in profitability during the latter half of 2020, but this performance was not sustained over the following quarters.

Overall, Bio-Techne Corp's pretax margin has historically fluctuated, reflecting changes in its operational efficiency, cost management, pricing strategies, and overall economic conditions. It is important for stakeholders to closely monitor these fluctuations and understand the underlying factors influencing the company's profitability.