Winnebago Industries Inc (WGO)
Operating profit margin
| Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 300,700 | 583,500 | 407,400 | 113,763 | 155,267 |
| Revenue | US$ in thousands | 3,470,200 | 4,916,420 | 3,594,240 | 2,318,070 | 1,985,670 |
| Operating profit margin | 8.67% | 11.87% | 11.33% | 4.91% | 7.82% |
August 26, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $300,700K ÷ $3,470,200K
= 8.67%
From the data provided, Winnebago Industries, Inc.'s operating profit margin has fluctuated over the past five years. The operating profit margin indicates the company's efficiency in controlling its operating costs and generating profits from its core business activities.
In 2023, the operating profit margin was 8.61%, representing a decrease from the previous year's margin of 11.77%. This decline could indicate heightened operating expenses relative to revenue, potentially impacting the company's overall profitability.
Comparing to 2020, Winnebago's operating profit margin showed significant improvement in 2021, increasing from 4.83% to 11.22%. This suggests that the company had effectively managed its operating costs relative to its revenue, leading to a more favorable margin in 2021.
It's worth noting that while the operating profit margin fluctuated over the years, it remained above 7% in 2023 and 2021, indicating that the company has generally been able to generate a reasonable level of profit from its core operations relative to its sales. However, there may be room for further efficiency improvements to enhance profitability.
Peer comparison
Aug 26, 2023