Allegro Microsystems Inc (ALGM)

Operating profit margin

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Operating income	US$ in thousands	196,244	203,307	136,650	12,158
Revenue	US$ in thousands	1,043,670	972,297	768,005	579,037
Operating profit margin		18.80%	20.91%	17.79%	2.10%

March 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $196,244K ÷ $1,043,670K
= 18.80%

The operating profit margin of Allegro Microsystems Inc has shown fluctuations over the four-year period from March 31, 2021, to March 31, 2024. In March 31, 2021, the operating profit margin was quite low at 2.10%, indicating a relatively small percentage of each dollar of revenue turning into operating profit.

Subsequently, there was a notable improvement in the operating profit margin in March 31, 2022, increasing to 17.79%, signifying a significant enhancement in the company's operational efficiency and profitability.

However, in March 31, 2023, there was a slight decline in the operating profit margin to 20.91% from the previous year, though still indicating a healthy level of profitability for the company.

Finally, in March 31, 2024, the operating profit margin dropped further to 18.80%, showing a decrease in profitability compared to the prior year but remaining at a respectable level.

Overall, while there have been fluctuations in the operating profit margin of Allegro Microsystems Inc over the four-year period, the company has generally maintained a healthy level of profitability, with the most significant improvement observed in March 31, 2022.