Applied Industrial Technologies (AIT)
Operating profit margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 495,823 | 473,151 | 357,858 | 205,454 | 88,989 |
| Revenue | US$ in thousands | 4,477,670 | 4,387,870 | 3,784,480 | 3,203,600 | 3,212,740 |
| Operating profit margin | 11.07% | 10.78% | 9.46% | 6.41% | 2.77% |
June 30, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $495,823K ÷ $4,477,670K
= 11.07%
The operating profit margin of Applied Industrial Technologies has shown a consistent upward trend over the past five years, increasing from 2.77% in June 2020 to 11.07% in June 2024. This indicates that the company has been able to effectively manage its operating costs and improve its operational efficiency. The steady improvement in the operating profit margin highlights the company's ability to generate strong operating profits relative to its revenue, which is a positive indicator of overall financial health and management effectiveness. The significant growth in operating profit margin over the period demonstrates Applied Industrial Technologies' successful operational performance and potential for sustained profitability in the future.