Toro Co (TTC)
Net profit margin
| Oct 31, 2024 | Aug 2, 2024 | May 3, 2024 | Feb 2, 2024 | Oct 31, 2023 | Aug 4, 2023 | May 5, 2023 | Feb 3, 2023 | Oct 31, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 31, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 31, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 418,900 | 399,338 | 265,075 | 287,775 | 329,775 | 376,994 | 517,107 | 480,732 | 443,342 | 385,893 | 357,063 | 368,109 | 409,880 | 421,968 | 414,616 | 370,891 | 329,701 | 295,771 | 267,410 | 284,534 |
| Revenue (ttm) | US$ in thousands | 4,550,900 | 4,443,272 | 4,353,172 | 4,345,472 | 4,494,472 | 4,686,560 | 4,771,130 | 4,687,980 | 4,478,917 | 4,272,115 | 4,090,565 | 3,991,095 | 3,930,922 | 3,818,221 | 3,681,069 | 3,468,487 | 3,362,350 | 3,255,772 | 3,261,817 | 3,294,455 |
| Net profit margin | 9.20% | 8.99% | 6.09% | 6.62% | 7.34% | 8.04% | 10.84% | 10.25% | 9.90% | 9.03% | 8.73% | 9.22% | 10.43% | 11.05% | 11.26% | 10.69% | 9.81% | 9.08% | 8.20% | 8.64% |
October 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $418,900K ÷ $4,550,900K
= 9.20%
The net profit margin for Toro Co has fluctuated over the past several quarters. The trend shows some variability with the margin ranging from a low of 6.09% in May 2024 to a high of 11.26% in April 2021. Notably, there was a decrease in the net profit margin from February 2024 to May 2024, indicating a decline in profitability during that period. However, there was a recovery in the margin in the subsequent quarters, reaching 9.20% in October 2024.
Overall, the net profit margin for Toro Co has generally been above 8% in recent quarters, indicating a healthy level of profitability relative to its revenue. Monitoring this ratio can provide insights into the company's efficiency in managing costs and generating profits from its operations.