Atmos Energy Corporation (ATO)

Operating profit margin

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Operating income	US$ in thousands	1,067,150	920,982	904,998	824,099	746,058
Revenue	US$ in thousands	4,275,360	4,201,660	3,407,490	2,821,140	2,901,850
Operating profit margin		24.96%	21.92%	26.56%	29.21%	25.71%

September 30, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $1,067,150K ÷ $4,275,360K
= 24.96%

Analyzing the operating profit margin of Atmos Energy Corp. over the past five years reveals a stable performance with some fluctuations. The operating profit margin measures the company's efficiency in generating profits from its core operations, excluding non-operating expenses.

The operating profit margin has shown a slight increase from 2022 to 2023, reaching 24.96%, indicating that the company's ability to generate profit from its core business improved during this period. However, it is important to note that the operating profit margin was higher in 2020 and 2019, at 29.21% and 25.71% respectively, suggesting that there has been some fluctuation in the company's profitability over the years.

Overall, the operating profit margin indicates that Atmos Energy Corp. has generally maintained a healthy level of profitability from its core operations over the last five years, with the recent uptick in 2023 demonstrating a positive trend. However, monitoring and analyzing the factors contributing to the fluctuation in the operating profit margin will be important for understanding the company's performance in generating profits from its core activities.