Valvoline Inc (VVV)
Operating profit margin
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 367,200 | 302,800 | 295,900 | 280,700 | 247,200 | 244,200 | 218,800 | 197,600 | 220,300 | 240,800 | 249,000 | 260,200 | 240,100 | 328,400 | 347,100 | 412,900 | 485,000 | 422,000 | 436,000 | 415,000 |
| Revenue (ttm) | US$ in thousands | 1,659,000 | 1,570,900 | 1,525,700 | 1,481,500 | 1,440,900 | 1,388,900 | 1,969,700 | 2,511,200 | 3,036,400 | 2,996,200 | 2,831,200 | 2,646,200 | 2,441,200 | 2,798,000 | 2,522,000 | 2,400,000 | 2,354,000 | 2,331,000 | 2,428,000 | 2,440,000 |
| Operating profit margin | 22.13% | 19.28% | 19.39% | 18.95% | 17.16% | 17.58% | 11.11% | 7.87% | 7.26% | 8.04% | 8.79% | 9.83% | 9.84% | 11.74% | 13.76% | 17.20% | 20.60% | 18.10% | 17.96% | 17.01% |
September 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $367,200K ÷ $1,659,000K
= 22.13%
Valvoline Inc's operating profit margin has displayed variability over the past several quarters. The trend indicates an increasing operating profit margin from the beginning of 2020 until the first quarter of 2021, followed by a gradual decline in the subsequent quarters until the first quarter of 2023. From the first quarter of 2023, there was a notable increase in the operating profit margin, reaching a peak in the third quarter of 2024.
The latest operating profit margin of 22.13% in September 2024 indicates that the company is generating approximately 22.13 cents of operating profit for every dollar of sales. This improvement suggests that Valvoline Inc has been successful in managing its operating expenses more efficiently, leading to higher profitability relative to its revenue. By analyzing the operating profit margin trend, investors and analysts can assess the company's operational performance and profitability over time.
Peer comparison
Sep 30, 2024