Calavo Growers Inc (CVGW)
Operating profit margin
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 3,019 | 3,792 | 7,370 | 536 | 8,368 | 5,986 | -13,777 | -21,137 | -16,573 | -9,867 | 14,390 | 37,663 | 36,317 | 32,162 | 34,477 | 38,567 | 54,049 | 71,046 | 68,694 | 66,316 |
| Revenue (ttm) | US$ in thousands | 868,955 | 967,561 | 976,896 | 1,056,974 | 1,142,970 | 1,189,047 | 1,219,347 | 1,163,641 | 1,108,513 | 1,056,752 | 1,018,153 | 967,811 | 969,733 | 1,022,484 | 1,080,072 | 1,204,139 | 1,213,831 | 1,197,400 | 1,185,276 | 1,122,381 |
| Operating profit margin | 0.35% | 0.39% | 0.75% | 0.05% | 0.73% | 0.50% | -1.13% | -1.82% | -1.50% | -0.93% | 1.41% | 3.89% | 3.75% | 3.15% | 3.19% | 3.20% | 4.45% | 5.93% | 5.80% | 5.91% |
January 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $3,019K ÷ $868,955K
= 0.35%
The operating profit margin of Calavo Growers Inc has shown fluctuation over the past few quarters. It started at -1.50% in Jan 31, 2022, and improved significantly to 5.91% in Apr 30, 2019, showing a positive trend initially. However, there was a decline in the operating profit margin from Oct 31, 2022, to Apr 30, 2023, hitting negative figures again. This negative trend continued until Jul 31, 2023.
The company managed to bring the operating profit margin back into positive territory by Oct 31, 2023, and further improved it to its highest point at 0.75% in Jul 31, 2023. This improvement was short-lived as the margin decreased in the subsequent quarter, reaching 0.35% in Jan 31, 2024.
Overall, the operating profit margin of Calavo Growers Inc demonstrates volatility and a mix of positive and negative trends in recent quarters, reflecting fluctuations in the company's operational efficiency and cost management strategies. Further analysis would be needed to understand the factors driving these changes in the operating profit margin over time.