Neogen Corporation (NEOG)

Operating profit margin

		Nov 30, 2024	Aug 31, 2024	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
Operating income (ttm)	US$ in thousands	-428,739	47,880	69,048	72,709	50,588	37,515	32,117	22,810	42,935	58,618	60,846	70,243	77,019	74,169	73,858	71,127	70,154	67,523	66,309	67,905
Revenue (ttm)	US$ in thousands	1,792,485	1,780,298	1,817,638	1,800,899	1,778,001	1,592,370	1,401,365	1,227,465	1,062,406	1,054,318	901,557	761,778	730,744	692,784	674,433	757,462	743,068	727,266	727,954	723,616
Operating profit margin		-23.92%	2.69%	3.80%	4.04%	2.85%	2.36%	2.29%	1.86%	4.04%	5.56%	6.75%	9.22%	10.54%	10.71%	10.95%	9.39%	9.44%	9.28%	9.11%	9.38%

November 30, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-428,739K ÷ $1,792,485K
= -23.92%

Neogen Corporation's operating profit margin fluctuated over the years, ranging from a high of 10.95% in February 2021 to a low of -23.92% in November 2024. Generally, the company maintained a healthy operating profit margin above 9% for the majority of the reported periods. However, in more recent periods, there was a noticeable decline in the operating profit margin, with figures dropping to as low as 2.29% in February 2023 and hitting negative territory in November 2024.

These fluctuations in the operating profit margin indicate potential challenges in the company's ability to generate profits from its core operations. It is crucial for Neogen Corporation to closely monitor and address the factors contributing to the declining trend in the operating profit margin to ensure the company's continued financial health and sustainability.