Medtronic PLC (MDT)

Operating profit margin

		Apr 26, 2024	Jan 26, 2024	Oct 27, 2023	Jul 28, 2023	Apr 28, 2023	Jan 27, 2023	Oct 28, 2022	Jul 29, 2022	Apr 29, 2022	Jan 28, 2022	Oct 29, 2021	Jul 30, 2021	Apr 30, 2021	Jan 29, 2021	Oct 30, 2020	Jul 31, 2020	Apr 24, 2020	Jan 24, 2020	Oct 25, 2019	Jul 26, 2019
Operating income (ttm)	US$ in thousands	5,144,000	5,656,000	5,565,000	5,629,000	5,486,000	5,592,000	5,859,000	6,018,000	5,752,000	5,686,000	5,304,000	4,671,000	4,485,000	3,196,000	3,558,000	3,979,000	4,791,000	6,421,000	6,324,000	6,517,000
Revenue (ttm)	US$ in thousands	32,983,000	32,678,000	32,347,000	31,976,000	31,530,000	30,049,000	30,129,000	30,435,000	31,156,000	31,285,000	31,267,000	30,705,000	29,191,000	27,143,000	27,072,000	27,436,000	27,578,000	29,726,000	29,468,000	29,167,000
Operating profit margin		15.60%	17.31%	17.20%	17.60%	17.40%	18.61%	19.45%	19.77%	18.46%	18.17%	16.96%	15.21%	15.36%	11.77%	13.14%	14.50%	17.37%	21.60%	21.46%	22.34%

April 26, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $5,144,000K ÷ $32,983,000K
= 15.60%

The operating profit margin of Medtronic PLC has shown some fluctuations over the past few quarters, ranging from a low of 11.77% in January 2021 to a high of 22.34% in July 2019. In the most recent quarter, ending on April 26, 2024, the operating profit margin stood at 15.60%.

Overall, the trend in the operating profit margin has been somewhat inconsistent, with periods of both increase and decrease. It is important to note that a lower operating profit margin may indicate higher expenses in relation to revenue generated, while a higher margin suggests greater efficiency in cost management.

Further analysis would be required to understand the specific factors driving these fluctuations and assess the company's performance in terms of profitability and cost control.