Toro Co (TTC)
Operating profit margin
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 533,300 | 430,700 | 575,700 | 518,280 | 426,357 |
| Revenue | US$ in thousands | 4,583,800 | 4,494,500 | 4,478,920 | 3,930,920 | 3,347,690 |
| Operating profit margin | 11.63% | 9.58% | 12.85% | 13.18% | 12.74% |
October 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $533,300K ÷ $4,583,800K
= 11.63%
The operating profit margin of Toro Co has shown fluctuations over the past five years. In fiscal year 2024, the operating profit margin increased to 11.63% compared to 9.58% in fiscal year 2023. This improvement indicates that the company's profitability from its core operations increased during the period. However, the operating profit margin was lower than the levels seen in fiscal years 2022 and 2021, which were 12.85% and 13.18% respectively. In comparison, the operating profit margin for fiscal year 2020 was 12.74%, showing a slight decrease compared to fiscal year 2024. Overall, while there was a positive trend in the operating profit margin in fiscal year 2024, the company's profitability from operations remains below the levels observed in the prior two years.