Sonos Inc (SONO)
Operating profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -20,547 | 89,532 | 154,964 | -27,233 | 5,699 |
| Revenue | US$ in thousands | 1,661,860 | 1,741,010 | 1,716,560 | 1,324,680 | 1,253,490 |
| Operating profit margin | -1.24% | 5.14% | 9.03% | -2.06% | 0.45% |
September 30, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-20,547K ÷ $1,661,860K
= -1.24%
To analyze Sonos Inc's operating profit margin, we can observe the trend over the past five years. The operating profit margin is a key indicator of a company's operational efficiency and profitability. It indicates the percentage of revenue that translates into profit after deducting operating expenses.
The operating profit margin for Sonos Inc has shown fluctuation over the past five years. In 2023, the operating profit margin was negative at -1.24%, indicating that the company's operating expenses exceeded its operating income, resulting in a loss. This represents a decline from the previous year's margin of 5.11%.
In 2021, the operating profit margin was at 9.03%, reflecting a healthy level of operational efficiency and profitability. However, the margin dipped in 2020 to -2.05%, indicating a loss from operations. The margin improved slightly in 2019 to 0.45%.
The significant variability in the operating profit margin over the years suggests that Sonos Inc's ability to generate profit from its core business operations has been inconsistent. Investors and stakeholders may want to further investigate the reasons behind this fluctuation and assess the company's operational strategies to ensure sustainable profitability in the future.
Peer comparison
Sep 30, 2023