Carnival Corporation (CCL)

Operating profit margin

		Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020	Feb 29, 2020	Nov 30, 2019	Aug 31, 2019	May 31, 2019
Operating income (ttm)	US$ in thousands	2,404,000	1,956,000	437,000	-1,466,000	-3,059,000	-4,378,000	-5,136,000	-6,914,000	-7,057,000	-7,090,000	-6,839,000	-7,115,000	-9,676,000	-8,865,000	-6,738,000	-2,515,000	2,177,000	3,276,000	3,344,000	3,248,000
Revenue (ttm)	US$ in thousands	20,426,000	19,417,000	17,876,000	15,504,000	13,197,000	10,559,000	7,812,000	4,475,000	2,493,000	1,264,000	654,000	139,000	648,000	5,356,000	10,056,000	16,506,000	20,732,000	20,620,000	20,343,000	19,698,000
Operating profit margin		11.77%	10.07%	2.44%	-9.46%	-23.18%	-41.46%	-65.75%	-154.50%	-283.07%	-560.92%	-1,045.72%	-5,118.71%	-1,493.21%	-165.52%	-67.00%	-15.24%	10.50%	15.89%	16.44%	16.49%

February 29, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,404,000K ÷ $20,426,000K
= 11.77%

The operating profit margin of Carnival Corporation has shown significant variability over the observed period, ranging from negative values to positive values. In general, the operating profit margin has generally been on a declining trend until recent periods. The most recent operating profit margin of 11.77% indicates an improvement compared to the prior periods. However, it is important to note that the margins in some earlier periods were severely negative, suggesting operational challenges or significant one-time expenses impacting profitability. Further analysis and context are required to better understand the factors driving these fluctuations in the operating profit margin for Carnival Corporation.