Choice Hotels International Inc (CHH)

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	375,028	414,119	424,095	457,055	478,601	508,569	522,657	484,332	428,933	338,425	230,019	118,884	121,668	174,006	225,726	320,374	318,642	302,048	310,796	317,275
Revenue (ttm)	US$ in thousands	1,544,165	1,547,751	1,536,460	1,477,014	1,401,949	1,324,605	1,233,708	1,144,078	1,069,298	978,053	865,455	738,844	774,072	848,763	948,724	1,114,675	1,114,820	1,091,715	1,072,473	1,050,230
Operating profit margin		24.29%	26.76%	27.60%	30.94%	34.14%	38.39%	42.36%	42.33%	40.11%	34.60%	26.58%	16.09%	15.72%	20.50%	23.79%	28.74%	28.58%	27.67%	28.98%	30.21%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $375,028K ÷ $1,544,165K
= 24.29%

Choice Hotels International Inc's operating profit margin has shown fluctuations over the past few quarters. The operating profit margin peaked in the second quarter of 2022 at 42.36% but has since experienced a gradual decline. In the most recent quarter, the operating profit margin stood at 24.29%, indicating a decrease in profitability compared to previous periods.

Overall, the trend in operating profit margin suggests that the company has experienced variability in its operational efficiency and cost management. It is important for stakeholders to closely monitor these fluctuations and assess the factors driving the changes in order to make informed decisions about the company's financial performance and future prospects.