Commercial Metals Company (CMC)

Operating profit margin

		Aug 31, 2024	May 31, 2024	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
Operating income (ttm)	US$ in thousands	-247,339	-84,812	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
Revenue (ttm)	US$ in thousands	7,878,080	8,095,050	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
Operating profit margin		-3.14%	-1.05%	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%

August 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-247,339K ÷ $7,878,080K
= -3.14%

The operating profit margin of Commercial Metals Company has fluctuated over the past few years, showing a mixed performance. The margin was negative in some periods, such as in August 2024 and May 2024, indicating that the company faced challenges in generating profits from its core operations during those quarters.

However, the margin turned positive in subsequent periods, reaching a peak of 13.31% in November 2022, suggesting improved profitability. The margin gradually declined in the following quarters but remained relatively stable around the 3-4% range from August 2020 to May 2023.

Overall, the trend in the operating profit margin indicates variability in the company's ability to generate profits from its operations, with periods of both strength and weakness. This metric is crucial for assessing the efficiency and profitability of Commercial Metals Company's core business activities.