Compass Minerals International Inc (CMP)

Operating profit margin

		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	Mar 31, 2019
Operating income (ttm)	US$ in thousands	-97,800	-4,100	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	136,900
Revenue (ttm)	US$ in thousands	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	1,659,100
Operating profit margin		-8.93%	-0.36%	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%	8.25%

March 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-97,800K ÷ $1,095,400K
= -8.93%

The operating profit margin of Compass Minerals International Inc has exhibited variations over the past few quarters. It decreased significantly to -8.93% in the most recent quarter, which indicates that the company's operating expenses exceeded its operating income, resulting in a negative margin.

However, looking at the trend over the past few quarters, the operating profit margin has generally been positive, with fluctuations ranging from 3.31% to 12.28%. This suggests that the company has been able to generate operating profits relative to its revenue, albeit with some volatility.

It is worth noting that the operating profit margin was higher in the earlier quarters of 2021 and 2020, reaching levels above 10%. This indicates that the company was more efficient in controlling its operating expenses and generating profits during those periods.

Overall, the analysis shows that Compass Minerals International Inc has experienced some challenges in maintaining a consistent operating profit margin, with recent quarters showing a decline in profitability. The company may need to focus on optimizing its cost structure and enhancing operational efficiency to improve its profitability in the future.