Barnes Group Inc (B)
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 | 89,000 | 83,421 | 103,467 | 49,271 | 57,100 | 68,330 | 82,003 | 148,733 | 150,000 | 147,360 | 134,894 | 106,466 | 123,399 | 151,927 | 188,269 | 235,111 | 236,447 | 227,416 | 218,894 | 225,816 |
| Revenue (ttm) | US$ in thousands | 1,388,400 | 1,310,221 | 1,283,412 | 1,268,883 | 1,247,596 | 1,245,431 | 1,255,076 | 1,253,816 | 1,242,736 | 1,218,830 | 1,163,156 | 1,078,112 | 1,106,845 | 1,182,161 | 1,284,046 | 1,418,677 | 1,840,387 | 1,865,810 | 2,234,107 | 2,614,334 |
| Operating profit margin | 6.41% | 6.37% | 8.06% | 3.88% | 4.58% | 5.49% | 6.53% | 11.86% | 12.07% | 12.09% | 11.60% | 9.88% | 11.15% | 12.85% | 14.66% | 16.57% | 12.85% | 12.19% | 9.80% | 8.64% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $89,000K ÷ $1,388,400K
= 6.41%
Based on the quarterly data provided, Barnes Group Inc.'s operating profit margin has exhibited a gradual decline over the past eight quarters. The operating profit margin started at 11.72% in Q1 2022 and decreased to 6.13% in Q4 2023. This downward trend indicates that the company's profitability from its core operations has been weakening over time.
The declining operating profit margin suggests that Barnes Group Inc. may be facing challenges in managing its operating expenses relative to its revenues. The decreasing margin could also highlight potential inefficiencies in the company's cost structure or pricing strategies that are impacting its profitability.
It is essential for Barnes Group Inc. to closely monitor and address the factors contributing to the declining operating profit margin to sustain its financial performance and improve its overall profitability in the future.
Peer comparison
Dec 31, 2023