WD-40 Company (WDFC)
Net profit margin
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 69,644 | 65,993 | 67,329 | 70,229 | 60,710 |
| Revenue | US$ in thousands | 589,498 | 532,231 | 517,489 | 488,109 | 408,498 |
| Net profit margin | 11.81% | 12.40% | 13.01% | 14.39% | 14.86% |
August 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $69,644K ÷ $589,498K
= 11.81%
The net profit margin of WD-40 Company has displayed a declining trend over the past five years. Starting at 14.86% in Aug 2020, the net profit margin decreased to 14.39% in Aug 2021, further dropping to 13.01% in Aug 2022, and then to 12.40% in Aug 2023. The most recent data in Aug 2024 shows a net profit margin of 11.81%. This decline in net profit margin indicates that WD-40 Company is becoming less efficient in generating profits from its operations relative to its revenue. Further analysis is warranted to understand the factors contributing to this trend and to assess the company's overall financial health and performance.
Peer comparison
Aug 31, 2024