Box Inc (BOX)

Operating profit margin

		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Operating income (ttm)	US$ in thousands	50,753	49,299	51,286	44,551	36,840	16,964	-7,489	-16,739	-27,626	-30,738	-22,265	-23,665	-37,642	-62,945	-99,564	-128,331	-139,472	-132,585	-132,816	-133,758
Revenue (ttm)	US$ in thousands	1,040,660	1,034,032	1,022,661	1,007,585	994,399	970,516	944,382	913,066	877,507	844,717	816,408	793,107	773,486	759,422	740,713	721,926	700,057	682,054	660,627	636,568
Operating profit margin		4.88%	4.77%	5.01%	4.42%	3.70%	1.75%	-0.79%	-1.83%	-3.15%	-3.64%	-2.73%	-2.98%	-4.87%	-8.29%	-13.44%	-17.78%	-19.92%	-19.44%	-20.10%	-21.01%

January 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $50,753K ÷ $1,040,660K
= 4.88%

The operating profit margin of Box Inc has shown fluctuations over the past several quarters. From Oct 31, 2019, to Jan 31, 2024, the operating profit margin ranged from a low of -21.01% to a high of 5.01%. It is evident that there was an improvement in the operating profit margin trend over the period, with a noticeable increase from negative margins in 2020 to positive margins in 2023 and 2024.

The company's operating profit margin hit a low point in Apr 30, 2020, with a negative margin of -17.78%, followed by an even lower margin of -19.92% in Jan 31, 2020. However, the company managed to turn around its performance, achieving positive operating profit margins from Jul 31, 2022, onwards.

Overall, Box Inc's operating profit margin reflects the company's ability to generate profits from its core operations over time, with improvements seen in recent quarters. Further analysis of the factors driving these changes in operating profit margin would provide deeper insights into the company's financial performance.