Brinks Company (BCO)

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	425,200	466,000	387,800	378,700	361,300	363,900	378,600	355,400	354,700	321,100	323,300	249,000	213,500	174,900	151,000	204,600	236,800	244,700	259,200	268,300
Revenue (ttm)	US$ in thousands	4,604,600	4,575,500	4,503,900	4,440,300	4,354,500	4,294,000	4,239,900	4,159,000	4,065,300	4,037,600	3,933,100	3,715,300	3,623,700	3,537,900	3,500,000	3,588,500	3,610,700	3,582,600	3,512,500	4,304,800
Operating profit margin		9.23%	10.18%	8.61%	8.53%	8.30%	8.47%	8.93%	8.55%	8.73%	7.95%	8.22%	6.70%	5.89%	4.94%	4.31%	5.70%	6.56%	6.83%	7.38%	6.23%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $425,200K ÷ $4,604,600K
= 9.23%

Brink's Co.'s operating profit margin has shown a relatively stable performance over the past eight quarters. The company's operating profit margin has ranged from 7.75% to 9.88%, with the most recent quarter (Q4 2023) showing a margin of 9.83%. This indicates that the company is generating approximately 8-9 cents of operating profit for every dollar of revenue.

The gradual increase in operating profit margin from Q1 2022 to Q4 2023 suggests that Brink's Co. has been successful in managing its operating expenses relative to its revenue growth. This is a positive sign as it indicates improving efficiency in the company's operations.

Overall, Brink's Co.'s operating profit margin appears to be healthy and relatively consistent, indicating effective cost management and operational performance over the analyzed period.