Cintas Corporation (CTAS)
Operating profit margin
| 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 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 2,068,633 | 1,991,837 | 1,917,849 | 1,863,100 | 1,802,664 | 1,736,302 | 1,697,095 | 1,633,389 | 1,587,370 | 1,539,380 | 1,458,243 | 1,429,887 | 1,385,492 | 1,236,480 | 1,224,664 | 1,206,256 | 1,162,696 | 1,269,673 | 1,233,276 | 1,174,452 |
| Revenue (ttm) | US$ in thousands | 9,596,620 | 9,309,430 | 9,089,960 | 8,885,310 | 8,706,250 | 8,509,840 | 8,287,180 | 8,041,620 | 7,777,990 | 7,547,600 | 7,361,590 | 7,193,700 | 7,040,620 | 6,826,590 | 6,884,740 | 6,996,000 | 7,085,120 | 7,259,270 | 7,130,950 | 7,005,470 |
| Operating profit margin | 21.56% | 21.40% | 21.10% | 20.97% | 20.71% | 20.40% | 20.48% | 20.31% | 20.41% | 20.40% | 19.81% | 19.88% | 19.68% | 18.11% | 17.79% | 17.24% | 16.41% | 17.49% | 17.29% | 16.76% |
May 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,068,633K ÷ $9,596,620K
= 21.56%
The operating profit margin of Cintas Corporation has shown a generally positive trend over the past two years, with a gradual increase from 16.41% in August 2020 to 21.56% in May 2024. This indicates the company's ability to efficiently generate profits from its core operations relative to its revenue.
The operating profit margin peaked at 21.56% in May 2024, reflecting strong operational efficiency and effective cost management. The consistent improvement in the operating profit margin suggests that Cintas has been successful in controlling its operating expenses and enhancing the profitability of its business operations.
Overall, the trend in Cintas Corporation's operating profit margin demonstrates the company's commitment to maximizing operational efficiency and profitability, which is a positive indicator for investors and stakeholders. Monitoring this ratio over time can provide valuable insights into the company's financial performance and operational effectiveness.
Peer comparison
May 31, 2024