Avery Dennison Corp (AVY)
Operating profit margin
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 666,500 | 659,500 | 696,400 | 775,400 | 839,900 | 900,000 | 877,800 | 849,700 | 870,300 | 910,700 | 890,800 | 791,700 | 684,800 | 1,047,000 | 1,030,900 | 1,084,000 | 638,500 | 625,300 | 604,200 | 601,500 |
| Revenue (ttm) | US$ in thousands | 8,271,700 | 8,194,300 | 8,422,900 | 8,690,500 | 8,955,200 | 9,115,000 | 8,873,800 | 8,633,600 | 8,343,800 | 8,175,900 | 7,834,700 | 7,257,200 | 6,901,200 | 6,678,800 | 6,707,700 | 6,975,400 | 7,012,100 | 7,007,900 | 7,025,200 | 7,103,200 |
| Operating profit margin | 8.06% | 8.05% | 8.27% | 8.92% | 9.38% | 9.87% | 9.89% | 9.84% | 10.43% | 11.14% | 11.37% | 10.91% | 9.92% | 15.68% | 15.37% | 15.54% | 9.11% | 8.92% | 8.60% | 8.47% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $666,500K ÷ $8,271,700K
= 8.06%
Avery Dennison Corp's operating profit margin has shown a varying trend over the past few quarters. The operating profit margin for the most recent quarter, ending December 31, 2023, was 8.06%, slightly lower than the previous quarter. However, compared to the same quarter in the previous year, the operating profit margin has decreased by around 1.32%.
Looking back at historical data, the operating profit margin has been fluctuating within a range of 8% to 11% over the past few years, with occasional spikes and dips. The highest operating profit margin was recorded in the first quarter of 2020 at 15.68%, which indicates a period of strong profitability for the company.
It is important to note that the operating profit margin is a key metric that reflects the efficiency and profitability of Avery Dennison Corp's core operations. A consistent evaluation of this ratio over time can provide insights into the company's ability to generate profits from its primary business activities and can help stakeholders assess its financial health and performance.
Peer comparison
Dec 31, 2023