Coty Inc (COTY)

Operating profit margin

		Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Operating income (ttm)	US$ in thousands	546,700	641,000	606,700	569,300	543,700	337,300	350,900	395,600	240,900	320,100	261,600	34,600	-48,600	-970,900	-1,269,000	-1,366,500	-1,236,500	-3,264,600	-2,879,600	-3,603,700
Revenue (ttm)	US$ in thousands	6,129,300	5,842,100	5,747,100	5,543,100	5,305,100	5,172,900	5,066,800	5,119,200	5,116,200	4,950,500	4,805,300	4,646,500	4,372,000	3,431,200	3,904,600	4,821,500	5,727,000	7,738,400	8,200,500	8,367,100
Operating profit margin		8.92%	10.97%	10.56%	10.27%	10.25%	6.52%	6.93%	7.73%	4.71%	6.47%	5.44%	0.74%	-1.11%	-28.30%	-32.50%	-28.34%	-21.59%	-42.19%	-35.11%	-43.07%

June 30, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $546,700K ÷ $6,129,300K
= 8.92%

The operating profit margin of Coty Inc has exhibited volatility over the past several quarters. In the most recent quarter ending June 30, 2024, the operating profit margin was 8.92%, which represents a decrease from the previous quarter's margin of 10.97%. Despite this decline, the current margin remains at a relatively healthy level compared to some of the earlier periods.

Looking back over the past few years, there have been fluctuations in the operating profit margin, with notable improvements and declines. It is evident that Coty Inc has been working on optimizing its operational efficiency, as seen in the upward trend from the end of 2020 to the middle of 2023. However, there was a significant decline in profitability at the end of 2022 and the beginning of 2023.

Overall, the company's operating profit margin has shown some inconsistency, signaling potential challenges in maintaining a stable level of profitability. It will be crucial for Coty Inc to continue monitoring and addressing factors impacting its operating margin to sustain long-term financial health and performance.