American Axle & Manufacturing (AXL)

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	146,600	171,400	209,800	209,700	243,900	222,700	206,700	215,400	240,600	311,200	416,900	144,900	-396,000	-910,500	-1,166,900	-841,400	-301,600	-284,400	-45,400	25,000
Revenue (ttm)	US$ in thousands	6,082,900	5,993,300	5,982,700	5,857,600	5,803,400	5,698,900	5,340,500	5,177,100	5,158,900	5,356,300	5,579,500	4,808,200	4,722,100	4,702,800	4,965,800	6,209,400	6,644,200	6,735,600	6,934,600	7,131,200
Operating profit margin		2.41%	2.86%	3.51%	3.58%	4.20%	3.91%	3.87%	4.16%	4.66%	5.81%	7.47%	3.01%	-8.39%	-19.36%	-23.50%	-13.55%	-4.54%	-4.22%	-0.65%	0.35%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $146,600K ÷ $6,082,900K
= 2.41%

American Axle & Manufacturing Holdings Inc's operating profit margin has displayed some fluctuations over the past quarters. In the most recent quarter, Q4 2023, the operating profit margin decreased to 2.83% from 3.19% in the previous quarter. This downward trend indicates a decrease in the company's ability to generate profit from its core business operations.

Comparing the operating profit margin to the same quarter in the previous year, Q4 2022, there has been a noticeable decline from 4.72% to 2.83%. This significant drop suggests that the company may be facing challenges in controlling its operating expenses or experiencing lower revenues relative to its operating costs.

Overall, the downward trajectory of American Axle & Manufacturing Holdings Inc's operating profit margin over the past quarters raises concerns about the company's efficiency in managing its operating costs and generating profits. Further analysis and investigation into the factors contributing to these fluctuations would be beneficial in understanding the company's financial performance and potential areas for improvement.