RH (RH)
Operating profit margin
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 366,071 | 414,021 | 533,035 | 616,109 | 722,157 | 827,718 | 930,007 | 944,581 | 927,181 | 893,031 | 731,713 | 619,293 | 466,858 | 384,222 | 362,238 | 329,651 | 362,831 | 351,389 | 304,380 | 282,222 |
| Revenue (ttm) | US$ in thousands | 2,836,374 | 3,120,032 | 3,261,556 | 3,447,058 | 3,540,792 | 3,448,343 | 3,584,715 | 3,614,984 | 3,668,919 | 3,610,126 | 3,464,121 | 3,200,155 | 2,834,489 | 2,687,029 | 2,534,679 | 2,531,911 | 2,755,530 | 2,761,445 | 2,720,477 | 2,654,761 |
| Operating profit margin | 12.91% | 13.27% | 16.34% | 17.87% | 20.40% | 24.00% | 25.94% | 26.13% | 25.27% | 24.74% | 21.12% | 19.35% | 16.47% | 14.30% | 14.29% | 13.02% | 13.17% | 12.72% | 11.19% | 10.63% |
February 3, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $366,071K ÷ $2,836,374K
= 12.91%
The operating profit margin of RH has exhibited fluctuations over the past few quarters, ranging from 10.63% to 26.13%. The highest operating profit margin was recorded on April 30, 2022, at 26.13%, indicating that RH was able to generate significant profits from its operations relative to its revenue during that period. However, the operating profit margin has shown a general decreasing trend since then, reaching 12.91% on Feb 3, 2024.
These fluctuations in the operating profit margin may be influenced by various factors such as changes in operating expenses, pricing strategies, cost controls, or revenue growth. A declining operating profit margin could indicate rising operating expenses, pricing pressures, or inefficiencies in the company's operations.
It is essential for RH to closely monitor its operating profit margin trends to ensure profitability and operational efficiency. Analyzing the drivers behind these fluctuations can help management make informed decisions to improve performance and sustain profitability in the long term.
Peer comparison
Feb 3, 2024