WD-40 Company (WDFC)
Operating profit margin
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 96,351 | 89,724 | 87,330 | 88,841 | 77,220 |
| Revenue | US$ in thousands | 589,498 | 532,231 | 517,489 | 488,109 | 408,498 |
| Operating profit margin | 16.34% | 16.86% | 16.88% | 18.20% | 18.90% |
August 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $96,351K ÷ $589,498K
= 16.34%
The operating profit margin of WD-40 Company has shown a declining trend over the past five years, decreasing from 18.90% in August 2020 to 16.34% in August 2024. This indicates that the company's ability to generate profits from its core operations has weakened over this period. Despite a slight fluctuation in the interim years, the general downward trajectory suggests potential challenges in controlling operating expenses or maintaining revenue growth. It would be advisable for WD-40 Company to closely monitor and address the factors contributing to this declining trend to ensure sustainable profitability in the future.
Peer comparison
Aug 31, 2024