Compass Minerals International Inc (CMP)

Operating profit margin

		Jun 30, 2024	Mar 31, 2024	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	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
Operating income (ttm)	US$ in thousands	-89,600	-96,100	-2,400	79,100	81,200	78,300	50,400	42,900	37,800	117,300	125,400	122,400	131,200	99,400	167,500	180,200	174,600	163,600	135,700	138,200
Revenue (ttm)	US$ in thousands	1,092,700	1,095,400	1,143,100	1,155,100	1,182,300	1,183,600	1,218,100	1,200,100	1,140,300	1,364,300	1,241,900	1,185,100	1,235,700	1,213,500	1,404,600	1,467,000	1,461,500	1,439,800	1,426,000	1,409,000
Operating profit margin		-8.20%	-8.77%	-0.21%	6.85%	6.87%	6.62%	4.14%	3.57%	3.31%	8.60%	10.10%	10.33%	10.62%	8.19%	11.93%	12.28%	11.95%	11.36%	9.52%	9.81%

June 30, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-89,600K ÷ $1,092,700K
= -8.20%

The operating profit margin of Compass Minerals International Inc has shown some fluctuations over the past few quarters. The margin was negative in the most recent quarter, Jun 30, 2024, at -8.20%, indicating that the company's operating expenses exceeded its operating income. This negative trend continued from the previous quarter, Mar 31, 2024, where the margin was also negative at -8.77%.

In contrast, the company had positive operating profit margins in the quarters leading up to Dec 31, 2023, with margins ranging from 3.31% to 6.87%. The highest margins were recorded in the quarters of Mar 31, 2022, and Dec 31, 2021, at 10.10% and 10.62%, respectively.

Overall, there seems to be some inconsistency in the company's operating profit margins, with periods of positive margins followed by negative margins. It would be important to further analyze the factors influencing these fluctuations to better understand the company's operational performance.