Universal Corporation (UVV)
Operating profit margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 222,009 | 181,072 | 160,315 | 147,810 | 126,367 |
| Revenue | US$ in thousands | 5,381,540 | 5,054,850 | 4,159,990 | 3,928,210 | 3,761,740 |
| Operating profit margin | 4.13% | 3.58% | 3.85% | 3.76% | 3.36% |
March 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $222,009K ÷ $5,381,540K
= 4.13%
The operating profit margin of Universal Corporation has shown some fluctuation over the past five years, ranging from 3.36% in March 2020 to 4.13% in March 2024. This metric measures the company's operating efficiency and profitability by indicating the percentage of revenue that remains as operating profit after deducting operating expenses. The trend in the operating profit margin indicates that the company has been able to improve its operational efficiency over the years, with a notable increase in 2024 compared to the previous years. This improvement may be attributed to better cost management, increased sales, or a combination of both. The upward trend in the operating profit margin is generally viewed positively as it shows the company's ability to generate more profit from its core operations. Further analysis of the company's financial statements and industry benchmarks would provide additional insights into the factors driving these changes in operating profit margin.
Peer comparison
Mar 31, 2024