Wolverine World Wide Inc (WWW)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -68,200 | -208,400 | 155,700 | -137,100 | 171,000 |
| Revenue | US$ in thousands | 2,242,900 | 2,684,800 | 2,414,900 | 1,791,100 | 2,273,700 |
| Operating profit margin | -3.04% | -7.76% | 6.45% | -7.65% | 7.52% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-68,200K ÷ $2,242,900K
= -3.04%
Wolverine World Wide Inc's operating profit margin has displayed significant variability over the past five years. In 2023, the operating profit margin improved to -3.04%, indicating that the company generated $0.0304 of operating profit for every dollar of sales. This represents a recovery from the negative margin of -7.76% in 2022. However, the margin in 2023 is still below the levels seen in 2021 and 2019, when it was 6.45% and 7.52% respectively. The company experienced significant challenges in generating operating profits in 2020, with a margin of -7.65%.
The fluctuating trend in operating profit margin suggests that Wolverine World Wide Inc's operational efficiency and profitability have been inconsistent in recent years. It would be essential for the company to focus on improving cost management and revenue generation strategies to sustainably enhance its operating profit margin in the future.
Peer comparison
Dec 31, 2023