Artivion Inc (AORT)

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	5,742	6,700	3,838	704	6,201	-7,268	11,525	8,307	8,117	19,370	8,317	5,074	2,441	4,158	5,228	13,650	17,042	16,190	16,104	15,007
Revenue (ttm)	US$ in thousands	331,069	312,325	303,112	296,526	296,606	305,041	305,123	304,962	298,836	287,338	280,262	257,885	253,227	255,028	257,778	275,146	276,222	274,324	271,041	268,398
Operating profit margin		1.73%	2.15%	1.27%	0.24%	2.09%	-2.38%	3.78%	2.72%	2.72%	6.74%	2.97%	1.97%	0.96%	1.63%	2.03%	4.96%	6.17%	5.90%	5.94%	5.59%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $5,742K ÷ $331,069K
= 1.73%

Artivion Inc's operating profit margin has displayed fluctuating trends over the past eight quarters. In Q4 2023 and Q3 2023, the company experienced negative operating profit margins of -2.40% and -2.22% respectively, indicating that the company's operating expenses exceeded its revenues during these periods. However, this was an improvement from the negative operating profit margins in Q2 2023 (-3.17%) and Q2 2022 (-1.42%).

In contrast, the company achieved a positive operating profit margin in Q1 2023 and Q4 2022, with figures of 0.22% and 1.98% respectively. This suggests that Artivion Inc was able to generate profits from its core business operations during these periods.

Overall, Artivion Inc's operating profit margin has shown inconsistency in performance, with both positive and negative margins observed. It would be important for the company to assess and manage its operating expenses effectively to ensure sustainable profitability in the future.