AMN Healthcare Services Inc (AMN)

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	338,429	423,526	472,968	564,838	647,101	696,427	665,888	581,529	477,998	338,064	278,697	217,924	149,265	167,574	160,851	167,606	176,915	180,124	183,020	192,679
Revenue (ttm)	US$ in thousands	3,735,110	4,049,756	4,337,454	4,774,860	5,201,610	5,439,780	5,182,737	4,613,541	3,947,321	3,227,672	2,894,162	2,643,736	2,355,387	2,311,008	2,331,708	2,263,912	2,202,535	2,144,278	2,106,704	2,129,324
Operating profit margin		9.06%	10.46%	10.90%	11.83%	12.44%	12.80%	12.85%	12.60%	12.11%	10.47%	9.63%	8.24%	6.34%	7.25%	6.90%	7.40%	8.03%	8.40%	8.69%	9.05%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $338,429K ÷ $3,735,110K
= 9.06%

AMN Healthcare Services Inc.'s operating profit margin has shown a declining trend over the past eight quarters. In Q4 2023, the operating profit margin decreased to 8.93%, down from 10.34% in Q3 2023. This decline continued from the 10.79% reported in Q2 2023 and the 11.73% in Q1 2023. The downward trend contrasts with higher margins seen in the same quarters in 2022, with Q4 2022 at 12.34%, Q3 2022 at 12.71%, Q2 2022 at 12.76%, and Q1 2022 at 12.50%.

The decreasing operating profit margin could indicate potential challenges in cost management, pricing strategies, or operational efficiency for AMN Healthcare Services Inc. Further analysis of the company's financial health, performance metrics, and external factors impacting its operations would be beneficial to understand the reasons behind this downward trend.