Toro Co (TTC)
Pretax margin
| Feb 2, 2024 | Oct 31, 2023 | Aug 4, 2023 | Feb 3, 2023 | Oct 31, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 31, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 31, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Oct 31, 2019 | Aug 2, 2019 | May 3, 2019 | Feb 1, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 269,767 | 332,919 | 403,080 | 596,699 | 552,546 | 478,592 | 438,952 | 451,139 | 499,818 | 519,087 | 512,629 | 456,757 | 407,070 | 362,201 | 322,443 | 338,252 | 322,133 | 322,006 | 498,690 | 723,443 |
| Revenue (ttm) | US$ in thousands | 4,155,572 | 4,330,332 | 4,513,330 | 4,687,980 | 4,478,917 | 4,272,115 | 4,090,565 | 3,991,095 | 3,930,922 | 3,818,221 | 3,681,069 | 3,468,487 | 3,362,350 | 3,255,772 | 3,261,817 | 3,294,455 | 3,138,084 | 2,943,008 | 2,760,116 | 2,673,360 |
| Pretax margin | 6.49% | 7.69% | 8.93% | 12.73% | 12.34% | 11.20% | 10.73% | 11.30% | 12.72% | 13.59% | 13.93% | 13.17% | 12.11% | 11.12% | 9.89% | 10.27% | 10.27% | 10.94% | 18.07% | 27.06% |
February 2, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $269,767K ÷ $4,155,572K
= 6.49%
To analyze Toro Co.'s pretax margin over the past eight quarters, we can observe a fluctuating trend in the company's profitability before taxes. The pretax margin represents the percentage of each dollar of revenue that the company retains as income before paying taxes.
In Q2 2023, Toro Co. achieved the highest pretax margin at 13.33%, indicating efficient cost management and strong revenue generation. However, this robust performance was followed by a significant decline in subsequent quarters. In Q1 2024, the pretax margin dropped to 7.93%, the lowest among the reported quarters.
Overall, Toro Co. exhibited fluctuations in pretax margin over the reported period, with the margin varying between 7.93% and 13.33%. This variability suggests potential challenges in maintaining consistent profitability levels, which may be influenced by factors such as operating expenses, revenue fluctuations, or strategic decisions impacting the company's financial performance. Further analysis of the company's financial and operational metrics may be necessary to understand the drivers behind these fluctuations and formulate strategies to enhance profitability in the future.