WD-40 Company (WDFC)
Pretax margin
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 91,508 | 85,163 | 84,108 | 86,499 | 75,515 |
| Revenue | US$ in thousands | 589,498 | 532,231 | 517,489 | 488,109 | 408,498 |
| Pretax margin | 15.52% | 16.00% | 16.25% | 17.72% | 18.49% |
August 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $91,508K ÷ $589,498K
= 15.52%
The pretax margin of WD-40 Company has shown a declining trend over the past five years, decreasing from 18.49% in 2020 to 15.52% in 2024. This indicates that the company's ability to generate profits before accounting for taxes has weakened over the period. Factors such as increasing costs, declining revenues, or inefficiencies in operations may have contributed to this decline in pretax margin. It is essential for the company to closely monitor and address these factors to improve its profitability in the future.
Peer comparison
Aug 31, 2024