Vestis Corporation (VSTS)
Operating profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|
| Operating income | US$ in thousands | 217,909 | 192,243 | 96,239 | 149,720 |
| Revenue | US$ in thousands | 2,825,290 | 2,687,000 | 2,456,580 | 2,562,000 |
| Operating profit margin | 7.71% | 7.15% | 3.92% | 5.84% |
September 30, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $217,909K ÷ $2,825,290K
= 7.71%
The operating profit margin of Vestis Corporation has shown a positive trend over the past four years. The margin increased from 5.84% in 2020 to 7.71% in 2023, indicating an improvement in the company's ability to generate profits from its core operations. This signifies that Vestis Corporation has been effectively controlling its operating expenses and increasing its operating income relative to its net sales. The steady growth in operating profit margin suggests that the company may be implementing efficient cost management strategies and optimizing its revenue generation processes. This trend is a positive indicator of Vestis Corporation's operational efficiency and profitability over the years.
Peer comparison
Sep 30, 2023