Capri Holdings Ltd (CPRI)
Operating profit margin
| 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 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -241,000 | 262,000 | 376,000 | 528,000 | 679,000 | 838,000 | 933,000 | 876,000 | 903,000 | 645,000 | 481,000 | 439,000 | 19,000 | -378,000 | -340,000 | -418,000 | -192,000 | 384,000 | 469,000 | 584,000 |
| Revenue (ttm) | US$ in thousands | 5,134,000 | 5,231,000 | 5,306,000 | 5,434,000 | 5,594,000 | 5,774,000 | 5,891,000 | 5,773,000 | 5,664,000 | 5,377,000 | 5,061,000 | 4,857,000 | 4,043,000 | 4,036,000 | 4,302,000 | 4,640,000 | 5,533,000 | 5,685,000 | 5,500,700 | 5,278,600 |
| Operating profit margin | -4.69% | 5.01% | 7.09% | 9.72% | 12.14% | 14.51% | 15.84% | 15.17% | 15.94% | 12.00% | 9.50% | 9.04% | 0.47% | -9.37% | -7.90% | -9.01% | -3.47% | 6.75% | 8.53% | 11.06% |
March 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-241,000K ÷ $5,134,000K
= -4.69%
Capri Holdings Ltd's operating profit margin has shown a fluctuating trend over the past few quarters. The margin was negative in the recent quarter ending March 31, 2024, indicating that the company's operating expenses exceeded its operating income. This contrasts with the positive margins seen in the previous quarters, such as in December 2023, September 2023, and June 2023, where operating income was able to cover expenses, resulting in margins ranging from 5.01% to 9.72%.
The highest operating profit margin of 15.84% was recorded in September 2022, followed by a relatively stable performance in the subsequent quarters. However, there was a significant decline in the margin in the quarter ending December 2020, where it fell to 0.47%, and even turned negative in subsequent quarters. This negative trend continued into the first quarter of 2021 but improved gradually.
Overall, while the company has demonstrated the ability to generate profits from its operations in the past, there have been periods of volatility and challenges in maintaining consistent profitability. It will be important for Capri Holdings Ltd to closely monitor and manage its operating expenses to improve its operating profit margin in the future.
Peer comparison
Mar 31, 2024