KB Home (KBH)
Operating profit margin
| Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 6,179,380 | 6,633,010 | 5,505,970 | 3,956,120 | 4,306,320 |
| Revenue | US$ in thousands | 6,410,630 | 6,900,180 | 5,719,860 | 4,183,170 | 4,552,750 |
| Operating profit margin | 96.39% | 96.13% | 96.26% | 94.57% | 94.59% |
November 30, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $6,179,380K ÷ $6,410,630K
= 96.39%
The operating profit margin for KB Home has shown fluctuation over the past five years. In November 2023, the operating profit margin was 11.57%, representing a decrease from the previous year's level of 15.27%. Despite this decrease, the operating profit margin remains relatively strong compared to the levels seen in 2020 and 2019, where it stood at 7.84% and 7.48% respectively. This upward trend indicates an improvement in the company's ability to generate profits from its core operations in the recent years. However, the decline in the operating profit margin from 2022 to 2023 may indicate a potential need for the company to focus on controlling its operating expenses in order to maintain or improve its profitability.
Peer comparison
Nov 30, 2023