Apple Inc (AAPL)
Operating profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 114,301,000 | 119,437,000 | 108,949,000 | 66,288,000 | 63,930,000 |
| Revenue | US$ in thousands | 379,352,000 | 391,397,000 | 363,172,000 | 271,642,000 | 256,598,000 |
| Operating profit margin | 30.13% | 30.52% | 30.00% | 24.40% | 24.91% |
September 30, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $114,301,000K ÷ $379,352,000K
= 30.13%
The operating profit margin of Apple Inc has shown a consistent trend over the past five years.
In the most recent fiscal year ending on September 30, 2023, the operating profit margin was 29.82%. This represents a slight decrease from the previous year's margin of 30.29% for the fiscal year ending September 24, 2022. Despite the slight decrease, Apple Inc has maintained a robust operating profit margin, highlighting the company's ability to generate profits from its core operations.
Looking further back, the operating profit margin for the fiscal year ending September 25, 2021, was again strong at 29.78%. This demonstrates the company's consistent ability to maintain healthy operational efficiency and profitability over time.
Comparing the most recent margins with those from earlier years, we observe a significant improvement in the operating profit margin. For the fiscal year ending September 26, 2020, the margin was 24.15%, while it was 24.57% for the fiscal year ending September 28, 2019. This upward trend indicates a positive trajectory in Apple Inc's operational efficiency and profitability.
Overall, the operating profit margin data suggests that Apple Inc has been effectively managing its operating expenses and generating strong profitability from its core business activities. While there was a slight dip in the most recent year, the company's operating profit margin remains at healthy levels, reflecting its competitive position and financial strength in the technology industry.
Peer comparison
Sep 30, 2023