Atmos Energy Corporation (ATO)

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	1,145,066	1,067,147	1,018,479	1,003,813	966,307	920,982	906,544	885,347	882,019	904,998	914,879	920,524	870,158	824,099	812,969	796,136	762,375	746,058	746,972	749,090
Revenue (ttm)	US$ in thousands	3,949,815	4,275,355	4,410,341	4,564,037	4,672,887	4,201,667	4,047,423	3,836,547	3,505,797	3,407,487	3,314,017	3,201,459	2,860,054	2,821,137	2,789,906	2,782,649	2,899,624	2,901,843	2,902,860	2,979,367
Operating profit margin		28.99%	24.96%	23.09%	21.99%	20.68%	21.92%	22.40%	23.08%	25.16%	26.56%	27.61%	28.75%	30.42%	29.21%	29.14%	28.61%	26.29%	25.71%	25.73%	25.14%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,145,066K ÷ $3,949,815K
= 28.99%

The operating profit margin of Atmos Energy Corp. has exhibited a generally positive trend over the past eight quarters. The company's operating profit margin has steadily increased from 20.68% in Q1 2023 to 28.99% in Q1 2024, indicating an improvement in the company's ability to generate profits from its core business operations.

The company experienced a significant improvement in operating profit margin from Q3 2022 to Q1 2024, suggesting efficient cost management and revenue generation during this period. It is noteworthy that Atmos Energy Corp. was able to achieve a strong operating profit margin above 20% consistently throughout the analyzed quarters, reflecting the company's ability to efficiently control its expenses and optimize its operations.

Overall, the increasing trend in Atmos Energy Corp.'s operating profit margin indicates a positive financial performance and operational efficiency, which can be considered a favorable indicator for stakeholders and investors.