Axalta Coating Systems Ltd (AXTA)
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 | 587,500 | 536,100 | 496,200 | 462,200 | 423,200 | 408,100 | 409,300 | 496,100 | 462,400 | 530,900 | 547,900 | 293,000 | 305,500 | 251,000 | 232,300 | 454,700 | 488,200 | 507,300 | 432,100 | 420,700 |
| Revenue (ttm) | US$ in thousands | 5,184,100 | 5,123,500 | 5,053,200 | 4,994,200 | 4,884,400 | 4,784,900 | 4,634,800 | 4,526,700 | 4,416,200 | 4,353,500 | 4,291,800 | 3,817,700 | 3,737,600 | 3,761,500 | 3,841,600 | 4,346,400 | 4,482,200 | 4,549,600 | 4,588,600 | 4,643,300 |
| Operating profit margin | 11.33% | 10.46% | 9.82% | 9.25% | 8.66% | 8.53% | 8.83% | 10.96% | 10.47% | 12.19% | 12.77% | 7.67% | 8.17% | 6.67% | 6.05% | 10.46% | 10.89% | 11.15% | 9.42% | 9.06% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $587,500K ÷ $5,184,100K
= 11.33%
Axalta Coating Systems Ltd's operating profit margin has shown a slight upward trend over the quarters in 2022 and 2023. The operating profit margin increased from 8.66% in Q4 2022 to 11.33% in Q4 2023, indicating a positive development in the company's ability to generate profits from its core business operations. However, it is important to note that there was some fluctuation in the margin between Q1 and Q3 2023 before the increase in Q4 2023. Overall, Axalta Coating Systems Ltd has demonstrated an improvement in its operating profitability over the past eight quarters, with Q4 2023 reflecting the highest operating profit margin in the period analyzed.
Peer comparison
Dec 31, 2023