CH Robinson Worldwide Inc (CHRW)

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	514,607	571,212	745,299	1,082,341	1,266,782	1,390,154	1,413,314	1,204,253	1,082,108	1,001,504	858,974	787,157	673,268	603,272	636,118	674,866	789,976	908,687	953,575	945,048
Revenue (ttm)	US$ in thousands	17,596,450	18,441,380	20,115,730	22,492,350	24,696,630	26,131,660	26,379,980	25,114,230	23,102,150	21,149,750	19,110,850	17,205,970	16,207,110	15,450,990	15,082,320	15,363,310	15,309,510	15,654,090	12,492,004	9,254,647
Operating profit margin		2.92%	3.10%	3.71%	4.81%	5.13%	5.32%	5.36%	4.80%	4.68%	4.74%	4.49%	4.57%	4.15%	3.90%	4.22%	4.39%	5.16%	5.80%	7.63%	10.21%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $514,607K ÷ $17,596,450K
= 2.92%

C.H. Robinson Worldwide, Inc.'s operating profit margin has shown a declining trend over the past year, as evidenced by the table data. The operating profit margin decreased from 5.13% in Q4 2022 to 2.92% in Q4 2023. This indicates that the company's ability to generate profit from its core operations has weakened over this period.

While there was a slight improvement in Q3 2023 with the operating profit margin increasing to 3.10%, it then declined in the following quarters. The highest operating profit margin was observed in Q2 2022 at 5.36%, suggesting better profitability at that time compared to the other quarters.

Overall, the downward trend in the operating profit margin for C.H. Robinson Worldwide, Inc. raises concerns about its operational efficiency and profitability levels. Further analysis of the company's cost structure and revenue generation may be necessary to identify the underlying factors contributing to this trend.