Avista Corporation (AVA)

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	257,690	222,084	203,399	183,874	190,242	197,025	201,837	209,306	228,232	244,944	249,228	252,402	232,700	218,924	220,669	225,511	210,389	214,266	220,467	233,978
Revenue (ttm)	US$ in thousands	1,751,554	1,744,343	1,724,163	1,722,792	1,710,207	1,631,862	1,568,423	1,488,112	1,438,936	1,387,555	1,364,194	1,344,531	1,321,891	1,306,027	1,317,151	1,339,371	1,345,622	1,353,284	1,365,527	1,384,013
Operating profit margin		14.71%	12.73%	11.80%	10.67%	11.12%	12.07%	12.87%	14.07%	15.86%	17.65%	18.27%	18.77%	17.60%	16.76%	16.75%	16.84%	15.64%	15.83%	16.15%	16.91%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $257,690K ÷ $1,751,554K
= 14.71%

The operating profit margin of Avista Corp. has exhibited fluctuations over the past eight quarters, ranging from a low of 10.67% in Q1 2023 to a high of 14.71% in Q4 2023. The trend shows a general improvement in operating profit margins from Q1 2023 to Q4 2023, indicating potentially enhanced operational efficiency or cost management during this period. Despite some variability, the average operating profit margin for the eight quarters appears to be relatively stable, reflecting the company's ability to generate profit from its core business operations. Further analysis of the factors driving these fluctuations in operating profit margins could provide insights into Avista Corp.'s financial performance and management effectiveness.