Costco Wholesale Corp (COST)

Operating profit margin

		Sep 3, 2023	Aug 28, 2022	Aug 29, 2021	Aug 30, 2020	Sep 1, 2019
Operating income	US$ in thousands	8,114,000	7,793,000	6,708,000	5,435,000	4,737,000
Revenue	US$ in thousands	242,290,000	226,954,000	195,929,000	166,761,000	152,703,000
Operating profit margin		3.35%	3.43%	3.42%	3.26%	3.10%

September 3, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $8,114,000K ÷ $242,290,000K
= 3.35%

Costco Wholesale Corp's operating profit margin has shown a relatively stable trend over the past five years, ranging between 3.10% and 3.43%. This indicates consistent management of operating expenses and cost controls. The minor fluctuations in the operating profit margin suggest that the company has been effectively managing its operating costs relative to its revenue. Although there has been slight variability, the overall trend shows that Costco has been able to maintain a healthy level of operating profitability in the face of changing market conditions.