Lindsay Corporation (LNN)
Operating profit margin
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 93,493 | 98,660 | 102,184 | 106,602 | 114,807 | 105,880 | 94,643 | 76,284 | 62,463 | 59,934 | 54,108 | 62,141 | 56,628 | 49,461 | 54,202 | 40,806 | 29,453 | 16,351 | 6,115 | 8,761 |
| Revenue (ttm) | US$ in thousands | 644,561 | 659,283 | 674,084 | 697,149 | 746,855 | 780,751 | 770,744 | 734,196 | 681,873 | 625,313 | 567,646 | 542,403 | 503,573 | 473,784 | 474,692 | 448,172 | 446,120 | 441,514 | 444,072 | 465,456 |
| Operating profit margin | 14.50% | 14.96% | 15.16% | 15.29% | 15.37% | 13.56% | 12.28% | 10.39% | 9.16% | 9.58% | 9.53% | 11.46% | 11.25% | 10.44% | 11.42% | 9.10% | 6.60% | 3.70% | 1.38% | 1.88% |
February 29, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $93,493K ÷ $644,561K
= 14.50%
The operating profit margin for Lindsay Corporation has shown fluctuations over the past few quarters. In the most recent period (as of Feb 29, 2024), the operating profit margin stood at 14.50%, which indicates that the company generated $0.145 in operating profit for every dollar of revenue. This figure has been relatively stable around the 15% mark in the preceding quarters, showing a slight decline from the peak of 15.37% in the quarter ending Feb 28, 2023.
The downward trend in operating profit margin from Feb 28, 2023 to Aug 31, 2023, followed by an increase in the subsequent quarters, suggests some variability in the company's ability to control its operating expenses and generate profits. Overall, Lindsay Corporation's operating profit margin has generally improved compared to the lower levels seen in the earlier quarters of 2021 and 2020, indicating potential progress in efficiency and profitability.
Peer comparison
Feb 29, 2024