Chuy's Holdings Inc (CHUY)

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	33,589	29,645	27,722	24,623	22,336	27,392	29,259	34,525	34,402	29,040	25,083	15,280	-8,544	-13,554	-20,091	-17,799	3,436	7,958	2,120	2,964
Revenue (ttm)	US$ in thousands	461,310	449,064	442,282	434,227	422,215	416,779	412,036	409,243	396,467	376,510	356,603	314,162	320,952	344,276	371,326	418,746	426,357	421,160	413,253	406,461
Operating profit margin		7.28%	6.60%	6.27%	5.67%	5.29%	6.57%	7.10%	8.44%	8.68%	7.71%	7.03%	4.86%	-2.66%	-3.94%	-5.41%	-4.25%	0.81%	1.89%	0.51%	0.73%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $33,589K ÷ $461,310K
= 7.28%

Chuy`s Holdings Inc operating profit margin has shown some fluctuations over the past eight quarters. The trend indicates a gradual decrease in the operating profit margin from Q1 2022 to Q4 2023, with a peak at 10.66% in Q1 2022 followed by a downward trajectory. Despite some variability, the company has maintained an average operating profit margin of approximately 7-9% during this period. It is essential to further investigate the reasons behind the fluctuations in the operating profit margin to identify any underlying factors affecting the company's profitability.