Air Products and Chemicals Inc (APD)
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 | 2,509,500 | 2,494,600 | 2,382,500 | 2,365,700 | 2,467,800 | 2,338,800 | 2,329,000 | 2,278,700 | 2,265,300 | 2,281,400 | 2,224,900 | 2,187,000 | 2,215,700 | 2,237,600 | 2,280,600 | 2,311,100 | 2,250,400 | 2,144,400 | 2,074,900 | 2,021,000 |
| Revenue (ttm) | US$ in thousands | 12,422,700 | 12,600,000 | 12,978,700 | 13,134,100 | 12,879,100 | 12,698,600 | 11,969,700 | 11,385,100 | 10,942,000 | 10,323,000 | 9,802,000 | 9,262,500 | 8,976,800 | 8,856,300 | 8,819,400 | 8,978,200 | 8,949,600 | 8,918,900 | 8,934,600 | 8,969,600 |
| Operating profit margin | 20.20% | 19.80% | 18.36% | 18.01% | 19.16% | 18.42% | 19.46% | 20.01% | 20.70% | 22.10% | 22.70% | 23.61% | 24.68% | 25.27% | 25.86% | 25.74% | 25.15% | 24.04% | 23.22% | 22.53% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,509,500K ÷ $12,422,700K
= 20.20%
Air Products & Chemicals Inc.'s operating profit margin has shown a generally positive trend over the last eight quarters. The company's operating profit margin has ranged from 18.56% to 21.95% during this period.
In Q1 2024, Air Products & Chemicals Inc. achieved an operating profit margin of 21.95%, representing a significant increase from the previous quarter. This suggests improved operational efficiency and cost management in the company's core business activities.
The overall upward trend in operating profit margin indicates that Air Products & Chemicals Inc. has been effectively managing its operating expenses relative to its revenue generation. This bodes well for the company's profitability and financial health.
It is worth noting that fluctuations in operating profit margin are common due to various factors such as changes in costs, pricing strategies, and operational efficiencies. However, Air Products & Chemicals Inc.'s consistent focus on improving its operating profit margin reflects its commitment to sustainable growth and value creation for its stakeholders.
Peer comparison
Dec 31, 2023
See also:
Air Products and Chemicals Inc Operating Profit Margin (Quarterly Data)