McKesson Corporation (MCK)

Operating profit margin

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Operating income	US$ in thousands	3,909,000	4,381,000	2,038,000	-5,040,000	2,489,000
Revenue	US$ in thousands	308,734,000	276,496,000	263,638,000	238,047,000	230,835,000
Operating profit margin		1.27%	1.58%	0.77%	-2.12%	1.08%

March 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $3,909,000K ÷ $308,734,000K
= 1.27%

The operating profit margin of McKesson Corporation has exhibited fluctuations over the past five years. In the fiscal year ending March 31, 2024, the operating profit margin stood at 1.27%, a decrease from the previous year's 1.58%. This suggests a slight decline in the company's ability to generate profit from its core operations compared to the prior year.

In the fiscal year ending March 31, 2023, the operating profit margin was 1.58%, showing an improvement from the year before when it was 0.77%. This indicates that the company was more efficient in generating profits in that fiscal year.

In the fiscal year ending March 31, 2022, the operating profit margin was 0.77%, representing a decrease from the previous year's -2.12%, which indicates a significant improvement as the company moved from a negative margin to a positive one.

In the fiscal year ending March 31, 2021, the operating profit margin was -2.12%, reflecting a loss from core operations. This was a decline from the fiscal year ending March 31, 2020, where the operating profit margin was 1.08%, indicating a deterioration in the company's profitability.

Overall, the operating profit margin of McKesson Corporation has shown variability in recent years, with fluctuations indicating changes in the company's operational efficiency and profitability. It is important for investors and analysts to closely monitor these trends to assess the company's financial health and performance.