McKesson Corporation (MCK)
Operating profit margin
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 3,909,000 | 3,673,000 | 4,272,000 | 4,445,000 | 4,381,000 | 4,034,000 | 3,091,000 | 2,506,000 | 2,038,000 | 2,415,000 | -5,245,000 | -5,150,000 | -5,040,000 | -5,181,000 | 2,541,000 | 2,533,000 | 2,489,000 | 1,051,000 | 1,374,000 | 1,437,000 |
| Revenue (ttm) | US$ in thousands | 308,743,000 | 301,155,000 | 290,742,000 | 283,832,000 | 276,496,000 | 273,874,000 | 272,026,000 | 268,122,000 | 263,687,000 | 256,729,000 | 250,755,000 | 245,223,000 | 238,228,000 | 237,621,000 | 234,203,000 | 231,016,000 | 231,082,000 | 224,976,000 | 222,003,000 | 217,457,000 |
| Operating profit margin | 1.27% | 1.22% | 1.47% | 1.57% | 1.58% | 1.47% | 1.14% | 0.93% | 0.77% | 0.94% | -2.09% | -2.10% | -2.12% | -2.18% | 1.08% | 1.10% | 1.08% | 0.47% | 0.62% | 0.66% |
March 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $3,909,000K ÷ $308,743,000K
= 1.27%
The operating profit margin of McKesson Corporation has shown fluctuating trends over the recent quarters. The ratio reflects the company's ability to generate profits from its core operations after deducting operating expenses.
In the most recent quarter (March 31, 2024), the operating profit margin stood at 1.27%, indicating that the company generated $0.0127 in operating profit for every dollar of sales. This marked a slight increase compared to the previous quarter (December 31, 2023) where the margin was 1.22%.
Looking further back, there was a notable uptick in the operating profit margin in the September 30, 2023, quarter at 1.47%, followed by a slight dip in the June 30, 2023, quarter at 1.57%. The trend then reversed with a decrease in the margin to 1.58% in the March 31, 2023, quarter.
Comparing to the same period in the previous year, the operating profit margin has shown improvement from the negative figures reported in the three quarters ending in September 30, 2022, to positive figures in the subsequent quarters. This progression suggests that the company has focused on improving its operational efficiency and controlling costs.
Overall, while there have been fluctuations in McKesson Corporation's operating profit margin, the recent positive trends indicate a potential improvement in the company's profitability and operational performance. However, sustainability of these improvements would require continued focus on cost management and revenue growth strategies.
Peer comparison
Mar 31, 2024
See also:
McKesson Corporation Operating Profit Margin (Quarterly Data)