ADEIA CORP (ADEA)

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
Operating income (ttm)	US$ in thousands	136,230	146,206	121,731	138,729	153,060	136,784	158,629	155,369	119,028	381,671	325,221	276,041
Revenue (ttm)	US$ in thousands	388,788	405,210	393,110	417,708	438,933	433,922	564,004	678,461	761,525	721,073	704,491	619,850
Operating profit margin		35.04%	36.08%	30.97%	33.21%	34.87%	31.52%	28.13%	22.90%	15.63%	52.93%	46.16%	44.53%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $136,230K ÷ $388,788K
= 35.04%

The operating profit margin of ADEIA CORP has fluctuated over the past several quarters. The company experienced a significant decline in operating profit margin in the first quarter of 2022, but it steadily improved in subsequent quarters before reaching a peak in the third quarter of 2022. However, the operating profit margin decreased in the fourth quarter of 2022 and continued to fluctuate throughout 2023, with the margin ranging from 30.97% to 36.08%.

Overall, the operating profit margin of ADEIA CORP has shown some volatility, which may reflect changes in the company's cost structure, pricing strategy, or operational efficiency. Further analysis may be needed to determine the underlying factors driving these fluctuations in operating profit margin.