Take-Two Interactive Software Inc (TTWO)
Pretax margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -3,702,800 | -1,338,100 | 465,400 | 677,800 | 458,439 |
| Revenue | US$ in thousands | 5,349,600 | 5,349,900 | 3,496,870 | 3,369,920 | 3,084,420 |
| Pretax margin | -69.22% | -25.01% | 13.31% | 20.11% | 14.86% |
March 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $-3,702,800K ÷ $5,349,600K
= -69.22%
Take-Two Interactive Software Inc's pretax margin has shown significant fluctuation over the past five years. The company experienced a notable decline in pretax margin in the most recent fiscal year ending March 31, 2024, with a negative pretax margin of -69.22%. This sharp decrease indicates that the company's pre-tax income was insufficient to cover its operating costs and other expenses during this period.
In the previous year, the pretax margin also decreased to -25.01%, reflecting ongoing challenges in profitability. However, in the fiscal year ending March 31, 2022, the pretax margin improved to 13.31%, indicating a strong performance in generating profits before accounting for taxes.
Looking further back, Take-Two Interactive Software Inc's pretax margin was 20.11% in the fiscal year ending March 31, 2021, demonstrating a healthy level of profitability. Similarly, the company achieved a pretax margin of 14.86% in the fiscal year ending March 31, 2020, indicating a consistent ability to generate profits relative to its total revenue.
Overall, Take-Two Interactive Software Inc's pretax margin has been volatile in recent years, with periods of profitability interspersed with significant declines. Investors and analysts may need to closely monitor the company's financial performance and management of expenses to assess its future profitability and sustainability.
Peer comparison
Mar 31, 2024