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SHYF (The Shyft Group) Operating Margin % : 2.75% (As of Sep. 2024)


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What is The Shyft Group Operating Margin %?

Operating Margin % is calculated as Operating Income divided by its Revenue. The Shyft Group's Operating Income for the three months ended in Sep. 2024 was $5.3 Mil. The Shyft Group's Revenue for the three months ended in Sep. 2024 was $194.1 Mil. Therefore, The Shyft Group's Operating Margin % for the quarter that ended in Sep. 2024 was 2.75%.

Warning Sign:

The Shyft Group Inc operating margin has been in a 5-year decline. The average rate of decline per year is -22.5%.

The historical rank and industry rank for The Shyft Group's Operating Margin % or its related term are showing as below:

SHYF' s Operating Margin % Range Over the Past 10 Years
Min: -1.84   Med: 4.29   Max: 8.47
Current: -0.07


SHYF's Operating Margin % is ranked worse than
79.61% of 206 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 7.255 vs SHYF: -0.07

The Shyft Group's 5-Year Average Operating Margin % Growth Rate was -22.50% per year.

The Shyft Group's Operating Income for the three months ended in Sep. 2024 was $5.3 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 was $-0.5 Mil.

Warning Sign:

The Shyft Group Inc has recorded a loss in operating income at least once over the past 3 years.


The Shyft Group Operating Margin % Historical Data

The historical data trend for The Shyft Group's Operating Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

The Shyft Group Operating Margin % Chart

The Shyft Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.29 7.23 8.47 4.63 0.77

The Shyft Group Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Operating Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.05 -3.78 -0.98 1.93 2.75

Competitive Comparison of The Shyft Group's Operating Margin %

For the Farm & Heavy Construction Machinery subindustry, The Shyft Group's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


The Shyft Group's Operating Margin % Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, The Shyft Group's Operating Margin % distribution charts can be found below:

* The bar in red indicates where The Shyft Group's Operating Margin % falls into.



The Shyft Group Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

The Shyft Group's Operating Margin % for the fiscal year that ended in Dec. 2023 is calculated as

Operating Margin %=Operating Income (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=6.753 / 872.198
=0.77 %

The Shyft Group's Operating Margin % for the quarter that ended in Sep. 2024 is calculated as

Operating Margin %=Operating Income (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=5.329 / 194.075
=2.75 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


The Shyft Group  (NAS:SHYF) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia’s Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


The Shyft Group Operating Margin % Related Terms

Thank you for viewing the detailed overview of The Shyft Group's Operating Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


The Shyft Group Business Description

Traded in Other Exchanges
Address
41280 Bridge Street, Novi, MI, USA, 48375
The Shyft Group Inc is engaged in specialty vehicle manufacturing and assembly for commercial vehicles (including last-mile delivery, specialty service, and vocation-specific upfit segments) and recreational vehicle industries. Its products include walk-in vans, truck bodies, cargo vans, and pick-up truck upfits used in e-commerce/parcel delivery, upfit equipment used in the mobile retail and utility trades, as well as luxury Class A diesel motorhome custom chassis and contract manufacturing and assembly services. It also supplies replacement parts and offers repair, maintenance, field service, and refurbishment services for the vehicles that the company manufactures.
Executives
John Albert Dunn officer: President Fleet Vehicles & Svc C/O THE SHYFT GROUP, 41280 BRIDGE STREET, NOVI MI 48375
Joshua A Sherbin officer: Chief Legal Officer 38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304
Jonathan C Douyard officer: Chief Financial Officer C/O SPARTAN MOTORS, INC., 41280 BRIDGE STREET, NOVI MI 48375
Michael Dinkins director 6166 NW 85TH WAY, PARKLAND FL 33067
Terri Pizzuto director 3050 HIGHLAND PARKWAY, STE 100, DOWNERS GROVA IL 60515
Pamela L Kermisch director C/O THE SHYFT GROUP, 41280 BRIDGE STREET, NOVI MI 48375
Mark B. Rourke director 3101 PACKERLAND DRIVE, GREEN BAY WI 54313
James A. Sharman director C/O SPARTAN MOTORS, INC., 1541 REYNOLDS ROAD, CHARLOTTE MI 48813
Jacob Owen Farmer officer: President, Specialty Vehicles C/O THE SHYFT GROUP, 41280 BRIDGE STREET, NOVI MI 48375
Stephen K Guillaume officer: President, Specialty Chassis C/O SPARTAN MOTORS, INC., 1541 REYNOLDS ROAD, CHARLOTTE MI 48813
Hindman Colin E officer: Chief Human Resources Officer 3130 STONEY CREEK ROAD, OAKLAND MI 48363
Scott Matthew Ocholik officer: Chief Accounting Officer C/O THE SHYFT GROUP, 41280 BRIDGE STREET, NOVI MI 48375
Carl A. Esposito director 21557 TELEGRAPH ROAD, SOUTHFIELD MI 48033
Thomas R Clevinger director C/O SPARTAN MOTORS, INC., 1541 REYNOLDS ROAD, CHARLOTTE MI 48813
Daryl M Adams officer: Chief Operating Officer C/O SPARTAN MOTORS, INC., 1541 REYNOLDS ROAD, CHARLOTTE MI 48813