Ralph Lauren Corp Class A (RL)

Operating profit margin

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Operating income	US$ in thousands	756,400	704,200	798,400	-43,600	317,000
Revenue	US$ in thousands	6,631,400	6,443,600	6,218,500	4,400,800	6,159,800
Operating profit margin		11.41%	10.93%	12.84%	-0.99%	5.15%

March 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $756,400K ÷ $6,631,400K
= 11.41%

The operating profit margin of Ralph Lauren Corp Class A has shown fluctuation over the past five years. The margin was negative in March 2021, indicating a loss in operating efficiency. However, it rebounded significantly in the following years, reaching 12.84% in March 2022, reflecting a strong performance in generating profits from operations. In the most recent year, the operating profit margin slightly increased to 11.41%, suggesting continued profitability, although at a slightly lower level compared to the peak in 2022. Overall, the company has demonstrated the ability to enhance its operating efficiency and profitability in recent years, albeit with some variability.