Home Depot Inc (HD)

Operating profit margin

		Jan 28, 2024	Oct 29, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Nov 1, 2020	Aug 2, 2020	May 3, 2020	Feb 2, 2020	Nov 3, 2019	Aug 4, 2019	May 5, 2019
Operating income (ttm)	US$ in thousands	21,689,000	22,298,000	23,040,000	23,661,000	24,039,000	24,112,000	23,759,000	23,188,000	23,040,000	22,298,000	21,355,000	20,783,000	18,278,000	17,598,000	16,693,000	15,522,000	15,843,000	15,818,000	15,741,000	15,746,000
Revenue (ttm)	US$ in thousands	152,669,000	153,714,000	154,876,000	155,752,000	157,403,000	157,291,000	155,239,000	152,565,000	151,157,000	147,699,000	144,415,000	141,350,000	132,110,000	125,631,000	119,318,000	112,104,000	110,225,000	110,934,000	110,013,000	109,637,000
Operating profit margin		14.21%	14.51%	14.88%	15.19%	15.27%	15.33%	15.30%	15.20%	15.24%	15.10%	14.79%	14.70%	13.84%	14.01%	13.99%	13.85%	14.37%	14.26%	14.31%	14.36%

January 28, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $21,689,000K ÷ $152,669,000K
= 14.21%

Home Depot Inc's operating profit margin has exhibited stability over the past 20 quarters, generally ranging between 13.84% and 15.33%. The company's operating profit margin reflects its ability to efficiently generate profits from its core operations after accounting for operating expenses. During the most recent quarter, the operating profit margin stood at 14.21%, indicating that for every dollar of sales, the company retained 14.21 cents as operating profit. This consistent performance suggests that Home Depot Inc has been effectively managing its operating costs and optimizing its operational efficiency to maintain healthy profit margins.