J & J Snack Foods Corp (JJSF)
Operating profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 117,545 | 109,518 | 61,799 | 71,218 | 17,194 |
| Revenue | US$ in thousands | 1,574,760 | 1,558,810 | 1,380,640 | 1,144,480 | 1,022,040 |
| Operating profit margin | 7.46% | 7.03% | 4.48% | 6.22% | 1.68% |
September 30, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $117,545K ÷ $1,574,760K
= 7.46%
The operating profit margin of J & J Snack Foods Corp has shown a fluctuating trend over the past five years. In 2024, the operating profit margin improved to 7.46%, up from 7.03% in 2023. This indicates that the company was able to generate a higher percentage of operating profit relative to its revenue in 2024.
Comparing to the previous years, the operating profit margin in 2022 was relatively lower at 4.48%, which suggests that the company had lower profitability in that period. The significant increase in the operating profit margin in 2024 compared to 2022 signifies an improvement in the company's ability to control operating expenses and increase profitability.
Furthermore, in 2021, the operating profit margin was 6.22%, showing a decline from 2020 where it was 1.68%. The substantial increase from 2020 to 2021 demonstrates a significant improvement in the company's operational efficiency and profitability.
Overall, the varying operating profit margin figures reflect the fluctuating profitability performance of J & J Snack Foods Corp over the past five years, with notable improvements in 2024 compared to the previous years.