Thor Industries Inc (THO)
Operating profit margin
| Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 443,141 | 437,610 | 462,069 | 482,804 | 584,745 | 792,136 | 1,089,700 | 1,415,182 | 1,531,876 | 1,490,861 | 1,248,805 | 1,063,827 | 907,212 | 759,119 | 569,588 | 449,861 | 376,253 | 334,642 | 371,559 | 355,977 |
| Revenue (ttm) | US$ in thousands | 10,050,200 | 10,164,480 | 10,287,660 | 10,422,340 | 11,027,250 | 12,116,190 | 13,848,390 | 15,377,810 | 16,229,070 | 15,994,200 | 14,792,000 | 13,645,200 | 12,221,680 | 10,945,860 | 9,168,270 | 8,440,550 | 8,057,530 | 8,041,050 | 8,857,250 | 8,171,070 |
| Operating profit margin | 4.41% | 4.31% | 4.49% | 4.63% | 5.30% | 6.54% | 7.87% | 9.20% | 9.44% | 9.32% | 8.44% | 7.80% | 7.42% | 6.94% | 6.21% | 5.33% | 4.67% | 4.16% | 4.19% | 4.36% |
July 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $443,141K ÷ $10,050,200K
= 4.41%
The operating profit margin of Thor Industries Inc has shown a declining trend over the past few quarters, falling from 7.87% in January 2023 to 4.41% in July 2024. This indicates that the company's operating profitability has weakened, potentially due to increasing operating expenses or declining revenues relative to operating income. While the company experienced a peak operating profit margin of 9.44% in July 2022, the margins have since fluctuated within the 4-9% range. It is important for Thor Industries to closely monitor and address the factors impacting its operating profit margin to ensure sustainable profitability and operational efficiency.
Peer comparison
Jul 31, 2024