Buckle Inc (BKE)

Operating profit margin

		Feb 3, 2024	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	May 1, 2021	Jan 30, 2021	Oct 31, 2020	Aug 1, 2020	May 2, 2020	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019
Operating income (ttm)	US$ in thousands	271,059	284,493	299,851	308,803	328,132	327,795	330,587	332,756	335,499	310,445	282,356	260,006	168,022	143,327	122,511	96,581	131,497	122,852	115,843	116,402
Revenue (ttm)	US$ in thousands	1,261,102	1,280,525	1,309,409	1,318,957	1,345,187	1,324,311	1,311,402	1,304,546	1,294,607	1,232,512	1,164,085	1,084,990	901,278	853,446	826,562	814,354	900,254	893,663	884,649	881,912
Operating profit margin		21.49%	22.22%	22.90%	23.41%	24.39%	24.75%	25.21%	25.51%	25.92%	25.19%	24.26%	23.96%	18.64%	16.79%	14.82%	11.86%	14.61%	13.75%	13.09%	13.20%

February 3, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $271,059K ÷ $1,261,102K
= 21.49%

Buckle Inc's operating profit margin has shown some fluctuations over the past several quarters. The operating profit margin, which represents the percentage of revenue that translates into profit after accounting for operating expenses, stood at 21.49% as of February 3, 2024, indicating that the company generated $0.21 of profit for every dollar of sales.

The trend in the operating profit margin has been somewhat volatile, with fluctuations between 21.49% and 25.92% over the past few quarters. The peak operating profit margin of 25.92% was recorded on January 29, 2022, while the lowest margin of 11.86% was observed on May 2, 2020.

Overall, despite some variability, Buckle Inc has generally maintained a healthy operating profit margin above 20%, which suggests efficient cost management and profitability in its operations. However, the downward trend in the most recent quarters may indicate a need for closer scrutiny of operating expenses to sustain profitability levels.