Ralph Lauren Corp Class A (RL)

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	756,400	688,800	653,200	695,400	704,200	700,800	707,800	753,000	798,400	735,900	617,200	345,000	-43,600	-301,700	-247,700	5,700	317,000	628,700	598,100	575,000
Revenue (ttm)	US$ in thousands	6,631,400	6,604,300	6,502,600	6,449,500	6,443,600	6,425,500	6,408,600	6,332,800	6,218,500	5,982,800	5,600,200	5,289,600	4,400,800	4,387,900	4,705,800	5,218,500	6,159,800	6,391,400	6,366,500	6,351,200
Operating profit margin		11.41%	10.43%	10.05%	10.78%	10.93%	10.91%	11.04%	11.89%	12.84%	12.30%	11.02%	6.52%	-0.99%	-6.88%	-5.26%	0.11%	5.15%	9.84%	9.39%	9.05%

March 31, 2024 calculation

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

The operating profit margin of Ralph Lauren Corp Class A has shown fluctuation over the past quarters. The trend indicates a gradual decrease in operating profit margin from a high of 12.84% in March 2022 to a low of -6.88% in December 2020, before recovering to positive figures in subsequent quarters.

Notably, there was a significant improvement in operating profit margin from September 2021 to March 2022, reaching 12.84%, but this trend was not sustained as the margin started declining again in the following quarters. The latest reported operating profit margin for March 2024 stands at 11.41%, showing a moderate increase from the previous quarter.

Overall, the operating profit margin of Ralph Lauren Corp Class A has exhibited variability, reflecting changing profitability levels over the past few years. This metric is important for assessing the company's efficiency in generating profits from its core operations.