Commercial Metals Company (CMC)

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	103,244	274,980	397,552	837,117	952,726	1,245,950	1,199,511	809,021	581,689	171,685	-2,731	218,601	139,937	140,591	180,468	169,720	211,105	175,324	84,536	15,288
Revenue (ttm)	US$ in thousands	8,364,790	8,536,410	8,759,370	9,226,700	9,389,600	9,361,170	9,117,680	8,467,780	7,801,570	7,252,900	6,656,150	6,046,880	5,534,950	5,430,800	5,429,840	5,563,710	5,833,520	5,888,080	5,776,260	5,541,700
Operating profit margin		1.23%	3.22%	4.54%	9.07%	10.15%	13.31%	13.16%	9.55%	7.46%	2.37%	-0.04%	3.62%	2.53%	2.59%	3.32%	3.05%	3.62%	2.98%	1.46%	0.28%

February 29, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $103,244K ÷ $8,364,790K
= 1.23%

The operating profit margin of Commercial Metals Company has shown some fluctuations over the past quarters. The company's operating profit margin was relatively low at 1.23% in the most recent data as of February 29, 2024, indicating that the company's ability to generate profits from its core operations was weaker compared to previous periods.

Looking back at the trend over the past quarters, we can observe that the operating profit margin reached its peak at 13.31% in November 30, 2022, reflecting strong operational efficiency and profitability during that particular period. However, the margin has since declined, with some fluctuation, but generally remaining at lower levels compared to the peak.

It is important for investors and stakeholders to closely monitor the company's operating profit margin trends and performance to assess its operational efficiency, cost management, and overall profitability going forward.