Colgate-Palmolive Company (CL)

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	3,984,000	3,114,000	3,032,000	2,942,000	2,893,000	3,056,000	3,076,000	3,188,000	3,332,000	3,936,000	3,987,000	3,937,000	3,885,000	3,847,000	3,685,000	3,627,000	3,554,000	3,514,000	3,532,000	3,590,000
Revenue (ttm)	US$ in thousands	19,457,000	19,136,000	18,676,000	18,338,000	17,967,000	17,741,000	17,700,000	17,476,000	17,421,000	17,342,000	17,081,000	16,718,000	16,471,000	16,162,000	15,937,000	15,906,000	15,693,000	15,489,000	15,406,000	15,426,000
Operating profit margin		20.48%	16.27%	16.23%	16.04%	16.10%	17.23%	17.38%	18.24%	19.13%	22.70%	23.34%	23.55%	23.59%	23.80%	23.12%	22.80%	22.65%	22.69%	22.93%	23.27%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $3,984,000K ÷ $19,457,000K
= 20.48%

The operating profit margin of Colgate-Palmolive Co. has shown relatively consistent performance over the past eight quarters. It ranged from a low of 19.77% in Q1 2023 to a high of 21.62% in Q1 2022. The company's ability to generate profits from its core operations has been fairly stable, with only minor fluctuations in profitability quarter over quarter. The average operating profit margin over this period is approximately 20.48%. Overall, the operating profit margin indicates that Colgate-Palmolive Co. has been effectively managing its costs and generating profits from its operations.