Toro Co (TTC)
Operating profit margin
| Feb 2, 2024 | Oct 31, 2023 | Aug 4, 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 | Oct 31, 2019 | Aug 2, 2019 | May 3, 2019 | Feb 1, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 300,477 | 362,289 | 430,788 | 620,437 | 575,663 | 499,411 | 458,302 | 468,441 | 518,280 | 537,601 | 531,614 | 476,693 | 426,357 | 376,182 | 334,174 | 346,104 | 325,029 | 324,719 | 343,669 | 376,217 |
| Revenue (ttm) | US$ in thousands | 4,155,572 | 4,330,332 | 4,513,330 | 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 | 3,138,084 | 2,943,008 | 2,760,116 | 2,673,360 |
| Operating profit margin | 7.23% | 8.37% | 9.54% | 13.23% | 12.85% | 11.69% | 11.20% | 11.74% | 13.18% | 14.08% | 14.44% | 13.74% | 12.68% | 11.55% | 10.25% | 10.51% | 10.36% | 11.03% | 12.45% | 14.07% |
February 2, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $300,477K ÷ $4,155,572K
= 7.23%
The operating profit margin of Toro Co. fluctuated over the past eight quarters, ranging from a low of 11.12% in Q2 2022 to a high of 13.87% in Q2 2023. The margin saw an overall increasing trend from Q2 2022 to Q2 2023 before slightly declining in Q4 2023. Q1 2024 showed a marginal improvement in the operating profit margin compared to the previous quarter. It is important for investors and stakeholders to monitor the company's ability to maintain or improve its operating profit margin, as it reflects the efficiency of the company's operations in generating profits from its core business activities.