WD-40 Company (WDFC)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 96,351 | 95,536 | 94,017 | 95,229 | 89,724 | 86,032 | 79,359 | 81,949 | 87,330 | 80,260 | 88,597 | 84,509 | 88,841 | 100,887 | 93,378 | 90,908 | 77,220 | 75,765 | 79,155 | 80,685 |
| 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 |
| Operating profit margin | 16.41% | 16.76% | 16.94% | 17.45% | 16.87% | 16.39% | 15.63% | 16.11% | 16.89% | 16.01% | 17.22% | 17.00% | 18.20% | 20.82% | 20.92% | 20.92% | 18.90% | 18.77% | 18.88% | 19.18% |
August 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $96,351K ÷ $587,047K
= 16.41%
The operating profit margin of WD-40 Company has displayed fluctuations over the past two years. It has ranged from a low of 15.63% in February 2023 to a high of 20.92% in May 2021. The margin has generally remained above 16%, indicating consistent profitability in operations.
However, there was a noticeable increase in the operating profit margin from August 2020 to August 2021, where it surged from 18.88% to 20.82%. This upward trend continued until February 2023 when it reached its peak at 20.92%.
From February 2023 onwards, there was a slight decline in the operating profit margin, dropping to 16.41% in August 2024. Despite this decrease, the company has managed to sustain a healthy operating profit margin above 15% over the period analyzed.
Overall, the operating profit margin analysis suggests that WD-40 Company has been efficient in controlling its operating expenses and generating profits from its core business activities, although there have been some fluctuations in performance.
Peer comparison
Aug 31, 2024