Lindsay Corporation (LNN)
Operating profit margin
| Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 102,184 | 94,643 | 54,107 | 54,202 | 6,115 |
| Revenue | US$ in thousands | 674,084 | 770,743 | 567,646 | 474,692 | 444,072 |
| Operating profit margin | 15.16% | 12.28% | 9.53% | 11.42% | 1.38% |
August 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $102,184K ÷ $674,084K
= 15.16%
The operating profit margin of Lindsay Corporation has exhibited a positive trend over the past five years. In particular, there has been a substantial improvement in the operating profit margin from 2019 to 2023, increasing from 1.38% to 15.16%. This represents a significant enhancement in the company's ability to generate operating profits as a percentage of its revenue. The consistent upward trajectory in the operating profit margin indicates improved operational efficiency and cost control measures within the company. It's worth noting that the company experienced fluctuations in the operating profit margin between 2020 and 2022, but overall, the trend reflects a positive financial performance.
Peer comparison
Aug 31, 2023