Sally Beauty Holdings Inc (SBH)
Operating profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 325,029 | 337,640 | 418,443 | 258,760 | 458,473 |
| Revenue | US$ in thousands | 3,652,760 | 3,705,580 | 3,777,230 | 3,415,500 | 3,779,150 |
| Operating profit margin | 8.90% | 9.11% | 11.08% | 7.58% | 12.13% |
September 30, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $325,029K ÷ $3,652,760K
= 8.90%
Sally Beauty Holdings Inc's operating profit margin has shown fluctuations over the past five years. In 2023, the operating profit margin was 9.18%, which decreased from 9.57% in 2022. This decline indicates that the company's ability to generate profits from its core operations decreased during this period.
Comparing the current operating profit margin to 2021, there was a more significant decrease from 10.92% to 9.18%. This suggests that the company may have faced challenges in controlling its operating expenses or experienced a decrease in sales relative to its operating costs.
Additionally, the operating profit margin in 2023 was lower than in 2019, when it stood at 11.81%. This downward trend over the years indicates potential issues with cost management or a decline in the overall profitability of the company's operations.
Overall, the declining trend in operating profit margin implies that Sally Beauty Holdings Inc may need to focus on optimizing its operational efficiency and cost structure to improve its profitability in the future.
Peer comparison
Sep 30, 2023