Toro Co (TTC)
Net profit margin
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 329,700 | 443,300 | 409,880 | 329,701 | 273,983 |
| Revenue | US$ in thousands | 4,494,500 | 4,478,920 | 3,930,920 | 3,347,690 | 3,110,320 |
| Net profit margin | 7.34% | 9.90% | 10.43% | 9.85% | 8.81% |
October 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $329,700K ÷ $4,494,500K
= 7.34%
The net profit margin for Toro Co. has shown some fluctuation over the past five years. In 2023, the net profit margin decreased to 7.24% from 9.82% in 2022, which is a significant decline. This may indicate a decrease in profitability or an increase in expenses relative to revenue.
Conversely, the net profit margin was higher in 2021 at 10.35% compared to 2020 and 2019, suggesting improved profitability during that period. Overall, while the net profit margin has experienced some variability, it remains within a relatively moderate range, reflecting Toro Co.'s ability to generate profits from its operations, albeit with some fluctuations over the years.