Applied Industrial Technologies (AIT)
Operating profit margin
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 495,823 | 483,295 | 489,000 | 487,299 | 473,151 | 455,560 | 424,492 | 389,776 | 357,858 | 329,735 | 308,359 | 227,760 | 205,454 | 171,381 | 18,964 | 80,131 | 88,989 | 113,936 | 226,395 | 228,615 |
| Revenue (ttm) | US$ in thousands | 4,477,680 | 4,468,470 | 4,448,790 | 4,426,120 | 4,387,880 | 4,290,680 | 4,139,067 | 3,955,317 | 3,784,475 | 3,617,133 | 3,476,550 | 3,348,724 | 3,203,604 | 3,031,543 | 3,023,222 | 3,104,634 | 3,211,463 | 3,367,816 | 3,417,756 | 3,424,973 |
| Operating profit margin | 11.07% | 10.82% | 10.99% | 11.01% | 10.78% | 10.62% | 10.26% | 9.85% | 9.46% | 9.12% | 8.87% | 6.80% | 6.41% | 5.65% | 0.63% | 2.58% | 2.77% | 3.38% | 6.62% | 6.67% |
June 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $495,823K ÷ $4,477,680K
= 11.07%
The operating profit margin of Applied Industrial Technologies has been showing a generally positive trend over the past few quarters. The company's operating profit margin increased steadily from 5.65% in March 2021 to 11.07% in June 2024. This indicates that the company has been able to effectively manage its operating expenses relative to its revenue, resulting in stronger profitability.
Although there were fluctuations in the operating profit margin throughout the period, the overall trend is positive, reflecting improved operational efficiency and financial performance. The company has shown a consistent effort to control costs and enhance operational effectiveness, as evidenced by the upward trend in the operating profit margin.
It is noteworthy that Applied Industrial Technologies has been able to maintain a double-digit operating profit margin in recent quarters, indicating a healthy level of profitability and financial stability. Overall, the company's operating profit margin reflects a positive trajectory and a sound financial performance.