Astec Industries Inc (ASTE)
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 | 48,600 | 33,000 | 40,100 | 21,100 | 7,500 | -2,000 | 2,400 | 14,400 | 19,900 | 41,500 | 34,300 | 34,900 | 40,500 | -1,802 | 2,440 | 22,021 | 25,099 | -17,401 | -13,513 | -94,149 |
| Revenue (ttm) | US$ in thousands | 1,332,400 | 1,346,100 | 1,360,800 | 1,330,300 | 1,271,800 | 1,189,500 | 1,141,500 | 1,101,900 | 1,095,400 | 1,068,200 | 1,032,508 | 1,019,687 | 1,024,892 | 1,069,192 | 1,093,524 | 1,132,663 | 1,168,039 | 1,201,647 | 1,202,450 | 1,170,492 |
| Operating profit margin | 3.65% | 2.45% | 2.95% | 1.59% | 0.59% | -0.17% | 0.21% | 1.31% | 1.82% | 3.89% | 3.32% | 3.42% | 3.95% | -0.17% | 0.22% | 1.94% | 2.15% | -1.45% | -1.12% | -8.04% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $48,600K ÷ $1,332,400K
= 3.65%
The operating profit margin of Astec Industries Inc. has shown a generally increasing trend over the past eight quarters. In Q4 2022, the operating profit margin was at 1.29%, which has steadily increased to 4.07% in Q4 2023. This improvement indicates that the company has been able to effectively manage its operating expenses and generate higher profits from its core business operations.
Additionally, the operating profit margin has consistently exceeded 1% in each quarter since Q2 2022, indicating relatively stable profitability levels. The company's ability to maintain and increase its operating profit margin over time is a positive signal of operational efficiency and effective cost control measures.
Overall, the increasing trend in Astec Industries Inc.'s operating profit margin demonstrates the company's ability to generate profits from its core operations and suggests a potentially sustainable growth trajectory.
Peer comparison
Dec 31, 2023