Walgreens Boots Alliance Inc (WBA)
Operating profit margin
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -14,138,000 | -770,000 | -6,882,000 | -7,253,000 | -7,096,000 | -6,047,000 | 1,387,000 | 3,119,000 | 4,573,000 | 4,159,000 | 2,341,000 | 2,039,000 | -778,000 | -474,000 | 1,074,000 | 1,112,000 | 3,998,000 | 4,379,000 | 4,766,000 | 5,516,000 |
| Revenue (ttm) | US$ in thousands | 144,409,000 | 142,217,000 | 139,712,000 | 136,739,000 | 133,981,000 | 132,914,000 | 132,484,000 | 134,297,000 | 135,290,000 | 134,271,000 | 136,618,000 | 137,102,000 | 138,097,000 | 141,108,000 | 139,109,000 | 138,317,000 | 138,220,000 | 136,893,000 | 136,337,000 | 135,825,000 |
| Operating profit margin | -9.79% | -0.54% | -4.93% | -5.30% | -5.30% | -4.55% | 1.05% | 2.32% | 3.38% | 3.10% | 1.71% | 1.49% | -0.56% | -0.34% | 0.77% | 0.80% | 2.89% | 3.20% | 3.50% | 4.06% |
February 29, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-14,138,000K ÷ $144,409,000K
= -9.79%
The operating profit margin of Walgreens Boots Alliance Inc has fluctuated over the past few quarters, showing both positive and negative trends. The company's operating profit margin was notably low in the most recent quarter ending on February 29, 2024, at -9.79%, indicating that the company's operating expenses exceeded its operating income. Prior to this, the operating profit margin had improved slightly in the quarter ending on November 30, 2023, but still remained negative at -0.54%.
Looking back further, there was a significant decline in operating profit margin in the quarter ending on August 31, 2023, where it stood at -4.93%. However, there was a slightly stronger performance in the quarter ending on May 31, 2023, where the operating profit margin was -5.30%. Going back even further, there was marginal improvement as the operating profit margin was -4.55% in the quarter ending on February 28, 2023.
In contrast, there were periods of positive operating profit margins, with the strongest performance in recent quarters seen in the quarter ending on August 31, 2022, where the operating profit margin was 1.05%. This positive trend continued into the following quarter ending on May 31, 2022, with an operating profit margin of 2.32%. However, the margins declined slightly in the subsequent quarters.
Overall, the analysis indicates that Walgreens Boots Alliance Inc has experienced some challenges in maintaining a consistent positive operating profit margin in recent quarters, with fluctuations in profitability levels. Monitoring and addressing factors contributing to these fluctuations will be crucial for improving financial performance.
Peer comparison
Feb 29, 2024
See also:
Walgreens Boots Alliance Inc Operating Profit Margin (Quarterly Data)