Apple Inc (AAPL)
Operating profit margin
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 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 | 63,930,000 | 64,423,000 | 65,491,000 |
| Revenue (ttm) | US$ in thousands | 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 | 257,408,000 | 256,268,000 | 256,590,000 |
| Operating profit margin | 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% | 24.84% | 25.14% | 25.52% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $118,658,000K ÷ $383,706,000K
= 30.92%
Apple Inc's operating profit margin has been relatively stable over the past few quarters, ranging between 29.36% to 31.15%. This indicates that the company has been able to effectively manage its operating expenses in relation to its revenue generation. The trend shows a slight decrease in operating profit margin in recent quarters, dropping from 31.15% in March 2022 to 30.92% in December 2023, potentially reflecting increased costs or pricing pressures.
Overall, Apple Inc's operating profit margin remains healthy and above industry averages, highlighting the company's ability to efficiently convert sales into profits after accounting for operating expenses. Investors and analysts may continue to monitor future financial reports to assess any potential impacts on operating profit margins and the company's overall profitability.
Peer comparison
Dec 31, 2023