STERIS plc (STE)

Operating profit margin

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Operating income	US$ in thousands	836,118	791,101	425,618	548,368	537,046
Revenue	US$ in thousands	5,138,700	4,536,270	4,585,060	3,107,520	3,030,900
Operating profit margin		16.27%	17.44%	9.28%	17.65%	17.72%

March 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $836,118K ÷ $5,138,700K
= 16.27%

The operating profit margin of STERIS plc has displayed fluctuations over the past five years. In the most recent fiscal year ending March 31, 2024, the operating profit margin was 16.27%, showing a decrease from the previous year where it stood at 17.44%. This decline indicates a potential decrease in the company's ability to generate profits from its core operations compared to the prior period.

When comparing the operating profit margin of STERIS plc to the fiscal year ending March 31, 2022, a notable improvement is evident. The operating profit margin saw a substantial increase from 9.28% in 2022 to 17.44% in 2023, reflecting improved operational efficiency and profitability during that period.

Looking further back to the fiscal year ending March 31, 2021, the operating profit margin was relatively stable at 17.65%, demonstrating consistency in the company's ability to generate profits from its operations. Similarly, in the fiscal year ending March 31, 2020, the operating profit margin remained robust at 17.72%.

Overall, the analysis of STERIS plc's operating profit margin indicates varying performance over the years, with fluctuations in profitability levels. Further examination of the factors influencing these fluctuations, such as cost management, revenue generation, and operational efficiency, would be necessary to gain a deeper understanding of the company's financial performance.