Thor Industries Inc (THO)
Pretax margin
| Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 348,752 | 354,101 | 367,258 | 392,465 | 499,384 | 705,984 | 1,013,983 | 1,327,177 | 1,459,425 | 1,422,489 | 1,191,320 | 1,009,427 | 843,583 | 690,610 | 479,852 | 351,069 | 274,486 | 236,194 | 256,450 | 221,813 |
| Revenue (ttm) | US$ in thousands | 10,050,200 | 10,164,480 | 10,287,660 | 10,422,340 | 11,027,250 | 12,116,190 | 13,848,390 | 15,377,810 | 16,229,070 | 15,994,200 | 14,792,000 | 13,645,200 | 12,221,680 | 10,945,860 | 9,168,270 | 8,440,550 | 8,057,530 | 8,041,050 | 8,857,250 | 8,171,070 |
| Pretax margin | 3.47% | 3.48% | 3.57% | 3.77% | 4.53% | 5.83% | 7.32% | 8.63% | 8.99% | 8.89% | 8.05% | 7.40% | 6.90% | 6.31% | 5.23% | 4.16% | 3.41% | 2.94% | 2.90% | 2.71% |
July 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $348,752K ÷ $10,050,200K
= 3.47%
The pretax margin of Thor Industries Inc has demonstrated fluctuations over the past several periods. The pretax margin reflects the company's ability to generate profit before taxes as a percentage of its total revenue.
From Oct 2019 to Jan 2020, the pretax margin was relatively low, around 2.71% to 2.94%, indicating lower profitability. However, there was a noticeable increase in the pretax margin from Apr 2020 to Jan 2021, reaching 5.23% to 6.90%, suggesting improved profitability during that period.
Subsequently, from Jul 2021 to Jan 2022, the pretax margin continued to rise, peaking at 8.99% in Jul 2022, indicating a significant improvement in profitability. However, from Oct 2022 to Jul 2024, the pretax margin has been gradually declining. Despite the fluctuations, the company has generally maintained a positive pretax margin, which is a positive indicator of its ability to manage costs and generate profits. Further analysis of the company's operational efficiency and cost management strategies would be beneficial to understand the reasons behind these fluctuations.
Peer comparison
Jul 31, 2024