Fresh Del Monte Produce Inc (FDP)
Operating profit margin
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 58,600 | 203,200 | 228,800 | 191,000 | 156,300 | 115,900 | 66,200 | 91,200 | 111,100 | 119,400 | 144,700 | 118,500 | 76,600 | 66,000 | 66,500 | 90,600 | 114,100 | 105,200 | 66,800 | 23,400 |
| Revenue (ttm) | US$ in thousands | 4,320,700 | 4,352,100 | 4,402,500 | 4,433,900 | 4,442,300 | 4,419,600 | 4,370,900 | 4,300,600 | 4,252,000 | 4,237,000 | 4,221,900 | 4,172,600 | 4,202,300 | 4,225,200 | 4,305,700 | 4,452,800 | 4,489,000 | 4,509,700 | 4,509,000 | 4,542,000 |
| Operating profit margin | 1.36% | 4.67% | 5.20% | 4.31% | 3.52% | 2.62% | 1.51% | 2.12% | 2.61% | 2.82% | 3.43% | 2.84% | 1.82% | 1.56% | 1.54% | 2.03% | 2.54% | 2.33% | 1.48% | 0.52% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $58,600K ÷ $4,320,700K
= 1.36%
Fresh Del Monte Produce Inc's operating profit margin has displayed fluctuations over the periods presented. The operating profit margin ranged from a low of 0.52% in March 2019 to a high of 5.20% in June 2023. Overall, the trend in the operating profit margin has shown some volatility, with peaks and troughs observed throughout the periods.
The highest operating profit margin of 5.20% in June 2023 signifies that for every dollar of revenue generated, the company retained $0.052 as operating profit. On the other hand, the lowest operating profit margin of 0.52% in March 2019 indicates that operating expenses significantly impacted the company's profitability during that period.
The average operating profit margin over the periods provided is approximately 2.49%. This average can serve as a benchmark for evaluating the company's operational efficiency and profitability performance in comparison to the specific periods highlighted in the data.
It is essential for Fresh Del Monte Produce Inc to closely monitor and manage its operating expenses to ensure sustainable profitability and long-term financial health. Periods of higher operating profit margins indicate better cost management and revenue generation strategies, while lower margins may point to challenges in controlling costs or pricing pressures.
Peer comparison
Dec 31, 2023