Toro Co (TTC)
Operating profit margin
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 430,700 | 575,700 | 518,280 | 426,357 | 325,029 |
| Revenue | US$ in thousands | 4,494,500 | 4,478,920 | 3,930,920 | 3,347,690 | 3,110,320 |
| Operating profit margin | 9.58% | 12.85% | 13.18% | 12.74% | 10.45% |
October 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $430,700K ÷ $4,494,500K
= 9.58%
The operating profit margin of Toro Co. has been relatively stable over the past five years, ranging from 10.36% in Oct 31, 2019 to 13.09% in Oct 31, 2021. This indicates that the company has been able to effectively manage its operating expenses in relation to its revenue. The slight fluctuations in the operating profit margin suggest that Toro Co. has been able to maintain a consistent level of profitability even as its revenue may have varied. Overall, the company's ability to generate a consistent operating profit margin demonstrates its operational efficiency and effective cost management.