Walgreens Boots Alliance Inc (WBA)
Pretax margin
| Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -4,938,000 | 4,307,000 | 3,209,000 | 795,000 | 4,559,000 |
| Revenue | US$ in thousands | 140,471,000 | 132,961,000 | 131,917,000 | 138,974,000 | 136,162,000 |
| Pretax margin | -3.52% | 3.24% | 2.43% | 0.57% | 3.35% |
August 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-4,938,000K ÷ $140,471,000K
= -3.52%
The pretax margin of Walgreens Boots Alliance Inc has experienced fluctuations in recent years. In 2023, the pretax margin was -3.87%, indicating that the company incurred a pre-tax loss. This contrasts with the positive pretax margins observed in the previous two years, particularly in 2022 where it stood at 3.04%. In 2021, the pretax margin was 1.98%, showing a slight increase from the previous year. However, in 2020, the pretax margin was comparatively lower at 0.56%. The highest pretax margin of 3.32% was reported in 2019.
These trends suggest some volatility in the company's earnings before taxes, with a significant decline in 2023 leading to a negative pretax margin. It's important to explore the reasons behind this deviation to assess the company's financial performance and sustainability in the long term.
Peer comparison
Aug 31, 2023