Apple Inc (AAPL)
Operating profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 123,216,000 | 114,301,000 | 119,437,000 | 108,949,000 | 66,288,000 |
| Revenue | US$ in thousands | 391,035,000 | 379,352,000 | 391,397,000 | 363,172,000 | 271,642,000 |
| Operating profit margin | 31.51% | 30.13% | 30.52% | 30.00% | 24.40% |
September 30, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $123,216,000K ÷ $391,035,000K
= 31.51%
The operating profit margin of Apple Inc has shown a consistent positive trend over the past five years. From 2020 to 2021, there was a noticeable increase from 24.40% to 30.00%, indicating improved operational efficiency and cost management. Subsequently, the margin continued to rise in 2022 and 2023, reaching levels of 30.52% and 30.13% respectively. In the most recent period ending in September 30, 2024, the operating profit margin further increased to 31.51%, reflecting Apple's sustained ability to generate profits from its core business activities. This upward trajectory signifies the company's effectiveness in controlling production costs and maximizing revenue, which bodes well for its financial health and future growth prospects.
Peer comparison
Sep 30, 2024