Century Communities Inc (CCS)
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 | 2,792,751 | 2,795,332 | 3,052,662 | 3,366,537 | 3,623,059 | 3,674,719 | 3,529,526 | 3,425,218 | 3,436,468 | 3,240,626 | 3,085,651 | 2,843,345 | 2,472,886 | 2,289,425 | 2,111,370 | 1,979,674 | 1,921,022 | 1,810,217 | 1,784,586 | 1,280,742 |
| Revenue (ttm) | US$ in thousands | 3,692,184 | 3,665,734 | 3,920,601 | 4,242,550 | 4,505,910 | 4,533,580 | 4,347,322 | 4,224,092 | 4,216,312 | 3,997,290 | 3,833,619 | 3,567,153 | 3,161,192 | 2,965,956 | 2,761,957 | 2,605,463 | 2,535,911 | 2,395,315 | 2,366,682 | 2,278,624 |
| Operating profit margin | 75.64% | 76.26% | 77.86% | 79.35% | 80.41% | 81.06% | 81.19% | 81.09% | 81.50% | 81.07% | 80.49% | 79.71% | 78.23% | 77.19% | 76.44% | 75.98% | 75.75% | 75.57% | 75.40% | 56.21% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,792,751K ÷ $3,692,184K
= 75.64%
Century Communities Inc's operating profit margin has shown a fluctuating trend over the past eight quarters. In Q1 2022, the company recorded a relatively high operating profit margin of 16.97%, which then increased further to 18.02% in Q2 2022. However, the margin started declining in the subsequent quarters, reaching 17.64% in Q3 2022 and further dropping to 15.64% in Q4 2022.
The downward trend continued into 2023, with operating profit margins of 13.15% in Q1, 10.41% in Q2, and 9.38% in Q3. In the most recent quarter, Q4 2023, the operating profit margin slightly improved to 9.63%, but it still remains lower compared to the levels seen in 2022.
Overall, Century Communities Inc's operating profit margin has been on a gradual decline, indicating potential challenges in maintaining profitability and efficiency in the company's operations. Further analysis and evaluation of cost structures and revenue generation may be necessary to address the decreasing trend in operating profit margin.
Peer comparison
Dec 31, 2023