Stanley Black & Decker Inc (SWK)
Operating profit margin
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -5,200,800 | 1,295,100 | 1,256,000 | 1,502,300 | 1,836,000 | 2,159,500 | 2,383,800 | 2,651,400 | 2,976,100 | 2,746,000 | 2,925,100 | 2,597,000 | 2,176,000 | 1,894,200 | 1,727,500 | 1,941,200 | 1,994,000 | 1,913,500 | 1,872,000 | 1,831,100 |
| Revenue (ttm) | US$ in thousands | 15,781,100 | 16,031,400 | 16,197,100 | 16,431,200 | 16,947,400 | 16,942,500 | 16,602,600 | 16,008,500 | 15,281,300 | 15,302,100 | 15,010,500 | 14,017,900 | 13,057,700 | 12,769,200 | 12,914,200 | 13,869,200 | 14,442,200 | 14,362,700 | 14,362,700 | 14,362,700 |
| Operating profit margin | -32.96% | 8.08% | 7.75% | 9.14% | 10.83% | 12.75% | 14.36% | 16.56% | 19.48% | 17.95% | 19.49% | 18.53% | 16.66% | 14.83% | 13.38% | 14.00% | 13.81% | 13.32% | 13.03% | 12.75% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-5,200,800K ÷ $15,781,100K
= -32.96%
The operating profit margin of Stanley Black & Decker Inc has shown some fluctuations over the past several quarters. The operating profit margin was negative in the most recent quarter, standing at -32.96%, indicating that the company's operating expenses exceeded its operating income. Prior to that, the operating profit margin had been relatively stable, ranging from a low of 12.75% to a high of 19.48% over the last few years.
The decreasing trend in the operating profit margin from the peak of 19.48% in the fourth quarter of 2021 to the negative margin in the most recent quarter is a cause for concern and warrants further investigation into the company's cost structure and operational efficiency. The company may need to focus on optimizing its operating expenses to improve profitability in the future.
Overall, the analysis of the operating profit margin indicates that while the company has historically maintained healthy operating margins, recent performance suggests a potential need for operational improvements to enhance profitability.
Peer comparison
Dec 31, 2023