Albany International Corporation (AIN)
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 | 167,894 | 164,022 | 177,596 | 182,810 | 181,022 | 184,853 | 175,695 | 174,946 | 178,010 | 171,256 | 165,543 | 168,304 | 166,080 | 174,674 | 191,579 | 193,077 | 193,576 | 187,396 | 172,552 | 160,483 |
| Revenue (ttm) | US$ in thousands | 1,127,205 | 1,085,916 | 1,071,101 | 1,052,195 | 1,027,602 | 996,333 | 962,423 | 937,136 | 913,292 | 900,890 | 882,355 | 873,190 | 889,853 | 925,016 | 986,423 | 1,038,464 | 1,054,073 | 1,047,973 | 1,028,773 | 1,010,273 |
| Operating profit margin | 14.89% | 15.10% | 16.58% | 17.37% | 17.62% | 18.55% | 18.26% | 18.67% | 19.49% | 19.01% | 18.76% | 19.27% | 18.66% | 18.88% | 19.42% | 18.59% | 18.36% | 17.88% | 16.77% | 15.89% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $167,894K ÷ $1,127,205K
= 14.89%
Albany International Corp.'s operating profit margin has shown a decreasing trend over the past four quarters, as indicated by the figures provided. The margin decreased from 17.50% in Q4 2022 to 14.65% in Q4 2023. This decline suggests a potential decrease in the company's operating efficiency or profitability in recent quarters.
Moreover, the operating profit margin has been gradually declining since Q4 2022, reaching a low of 14.65% in Q4 2023. The trend indicates that Albany International Corp. may be facing challenges in effectively controlling its operating costs or generating sufficient revenue to maintain its profitability levels.
The average operating profit margin for the past eight quarters is approximately 16.76%, with the highest margin recorded at 18.56% in Q1 2022 and the lowest at 14.65% in Q4 2023. This suggests that the company's profitability has fluctuated over the period under consideration.
Overall, the decreasing trend in Albany International Corp.'s operating profit margin and the volatility in profitability levels call for further analysis to identify the underlying factors contributing to these fluctuations and to implement strategies to improve the company's financial performance.