Apple Inc (AAPL)

Operating profit margin

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Operating income (ttm)	US$ in thousands	123,216,000	120,594,000	118,240,000	118,658,000	114,301,000	112,226,000	112,304,000	113,965,000	119,437,000	118,329,000	119,379,000	116,903,000	108,949,000	99,938,000	88,903,000	74,253,000	66,288,000	67,138,000	65,591,000	66,153,000
Revenue (ttm)	US$ in thousands	391,035,000	384,601,000	379,623,000	383,706,000	380,282,000	381,105,000	382,546,000	384,297,000	391,397,000	384,766,000	383,295,000	375,622,000	363,172,000	345,182,000	323,401,000	292,043,000	272,276,000	271,618,000	265,573,000	265,022,000
Operating profit margin		31.51%	31.36%	31.15%	30.92%	30.06%	29.45%	29.36%	29.66%	30.52%	30.75%	31.15%	31.12%	30.00%	28.95%	27.49%	25.43%	24.35%	24.72%	24.70%	24.96%

September 30, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $123,216,000K ÷ $391,035,000K
= 31.51%

Apple Inc's operating profit margin has generally shown a positive trend over the past few years, indicating improved operational efficiency and profitability. The margin ranged from 24.35% in Dec 2020 to 31.51% in Sep 2024, with fluctuations observed quarter to quarter.

The company's ability to generate profits from its core operations has been impressive, with margins consistently above 25% in recent years. The trend of increasing operating profit margins from 24.35% in Dec 2020 to 31.51% in Sep 2024 reflects effective cost management and revenue generation strategies.

Investors and analysts may view Apple's strong operating profit margins as a positive indicator of the company's financial health and operational performance. Maintaining a healthy operating profit margin is crucial for sustaining growth, reinvestment in the business, and delivering value to shareholders.