WD-40 Company (WDFC)
Net profit margin
| Aug 31, 2024 | May 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 69,644 | 69,435 | 68,488 | 69,478 | 65,993 | 64,204 | 59,789 | 62,771 | 67,329 | 60,952 | 67,478 | 65,161 | 70,229 | 81,485 | 75,003 | 72,139 | 60,710 | 49,629 | 53,244 | 54,823 |
| Revenue (ttm) | US$ in thousands | 587,047 | 570,084 | 555,159 | 545,753 | 531,830 | 524,985 | 507,863 | 508,545 | 517,038 | 501,187 | 514,594 | 497,126 | 488,109 | 484,515 | 446,357 | 434,501 | 408,498 | 403,596 | 419,338 | 420,624 |
| Net profit margin | 11.86% | 12.18% | 12.34% | 12.73% | 12.41% | 12.23% | 11.77% | 12.34% | 13.02% | 12.16% | 13.11% | 13.11% | 14.39% | 16.82% | 16.80% | 16.60% | 14.86% | 12.30% | 12.70% | 13.03% |
August 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $69,644K ÷ $587,047K
= 11.86%
The net profit margin of WD-40 Company has displayed some fluctuations over the past few years. The net profit margin indicates the percentage of revenue that translates into profit after all expenses have been deducted.
Looking at the data provided, we observe that the net profit margin has varied between 11.77% and 16.82% during the period under review. Generally, a higher net profit margin reflects better profitability as the company is able to control its costs effectively relative to its revenue.
In more recent periods, the net profit margin has been relatively stable, ranging from 11.77% to 12.73%. This suggests that WD-40 Company has maintained consistent profitability levels and cost management practices. The highest net profit margin of 16.82% was recorded in May 31, 2021, indicating a period of strong profitability for the company.
However, it's important to note that the net profit margin decreased in some periods compared to previous periods, such as the decrease observed from May 31, 2021, to Aug 31, 2022. This could be attributed to various factors such as changes in costs, revenues, or business operations.
Overall, monitoring the net profit margin over time provides insights into WD-40 Company's financial performance and efficiency in generating profits relative to its revenue. fluctuations may indicate changes in the company's operational efficiency, cost management, or revenue generation strategies.
Peer comparison
Aug 31, 2024