APA Corporation (APA)

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	3,599,000	3,786,000	4,076,000	5,054,000	5,620,000	5,268,000	4,764,000	3,771,000	2,888,000	2,275,000	1,659,000	796,000	-4,102,000	-7,180,000	-7,204,000	-6,887,000	-2,174,000	515,000	1,031,000	1,642,000
Revenue (ttm)	US$ in thousands	8,279,000	8,584,000	9,163,000	10,414,000	10,539,000	10,366,000	9,538,000	8,247,000	6,164,000	5,154,000	4,239,000	3,079,000	4,308,000	4,644,000	5,000,000	6,022,000	6,400,000	6,478,000	6,954,000	7,272,000
Operating profit margin		43.47%	44.11%	44.48%	48.53%	53.33%	50.82%	49.95%	45.73%	46.85%	44.14%	39.14%	25.85%	-95.22%	-154.61%	-144.08%	-114.36%	-33.97%	7.95%	14.83%	22.58%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $3,599,000K ÷ $8,279,000K
= 43.47%

APA Corporation's operating profit margin has shown some fluctuations over the past eight quarters. The operating profit margin decreased from 48.33% in Q3 2022 to 45.58% in Q4 2022 before further declining to 45.10% in Q1 2023. However, there was a slight improvement in Q2 2023 with a margin of 42.05%, followed by a modest increase to 40.72% in Q3 2023. Notably, in Q4 2023, the operating profit margin rose to 42.06%.

The trend indicates some variability in the company's ability to generate profits from its core operations over the periods analyzed. It is essential for APA Corporation to closely monitor and manage its operating expenses and revenue generation strategies to maintain a healthy and consistent operating profit margin over time.