Bio-Techne Corp (TECH)

Operating profit margin

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Operating income	US$ in thousands	206,686	298,944	296,590	237,296	157,419
Revenue	US$ in thousands	1,159,360	1,137,170	1,094,290	917,080	1,458,180
Operating profit margin		17.83%	26.29%	27.10%	25.88%	10.80%

June 30, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $206,686K ÷ $1,159,360K
= 17.83%

Bio-Techne Corp's operating profit margin has shown fluctuations over the past five years. In the most recent fiscal year ending on June 30, 2024, the operating profit margin was 17.83%, which represents a decrease compared to the prior year's margin of 26.29%. Despite this decrease, the company's operating profit margin remains relatively healthy compared to previous years.

Over the five-year period, the operating profit margin ranged from a low of 10.80% in June 2020 to a high of 27.10% in June 2022. The fluctuations in operating profit margin indicate some variability in the company's ability to generate profits from its core operations. It is important for stakeholders to closely monitor these fluctuations and consider the underlying factors driving the changes in operating profit margin to assess the company's financial performance and sustainability.