Benchmark Electronics Inc (BHE)

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	109,664	104,510	99,453	97,404	90,069	81,758	68,268	56,535	53,062	46,284	43,149	30,578	25,134	3,996	5,135	18,948	28,545	53,091	54,250	56,658
Revenue (ttm)	US$ in thousands	2,838,976	2,898,266	2,950,146	2,944,943	2,886,331	2,768,741	2,569,048	2,385,681	2,255,319	2,143,515	2,097,584	2,043,888	2,053,131	2,040,325	2,069,603	2,180,239	2,268,095	2,416,701	2,502,160	2,561,149
Operating profit margin		3.86%	3.61%	3.37%	3.31%	3.12%	2.95%	2.66%	2.37%	2.35%	2.16%	2.06%	1.50%	1.22%	0.20%	0.25%	0.87%	1.26%	2.20%	2.17%	2.21%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $109,664K ÷ $2,838,976K
= 3.86%

Benchmark Electronics Inc. has shown a consistent increase in operating profit margin over the past eight quarters. The operating profit margin has improved from 3.04% in Q1 2022 to 4.16% in Q4 2023, indicating that the company has been able to effectively control its operating expenses and generate higher profits from its core operations. This upward trend suggests that the company has been successful in managing its costs and optimizing its operational efficiency. Overall, the improving operating profit margin reflects positively on Benchmark Electronics Inc.'s ability to generate profits from its core business activities.