CONMED Corporation (CNMD)
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 | 120,604 | 69,322 | 63,270 | 60,310 | 70,055 | 108,366 | 110,829 | 112,078 | 109,716 | 97,201 | 99,872 | 52,919 | 46,009 | 49,188 | 40,745 | 80,649 | 79,114 | 77,057 | 67,640 | 65,664 |
| Revenue (ttm) | US$ in thousands | 1,244,743 | 1,168,565 | 1,139,075 | 1,098,613 | 1,045,472 | 1,068,575 | 1,042,314 | 1,020,285 | 1,010,635 | 989,493 | 978,501 | 881,125 | 862,458 | 874,495 | 870,250 | 950,728 | 955,096 | 932,675 | 901,392 | 875,949 |
| Operating profit margin | 9.69% | 5.93% | 5.55% | 5.49% | 6.70% | 10.14% | 10.63% | 10.98% | 10.86% | 9.82% | 10.21% | 6.01% | 5.33% | 5.62% | 4.68% | 8.48% | 8.28% | 8.26% | 7.50% | 7.50% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $120,604K ÷ $1,244,743K
= 9.69%
The operating profit margin of Conmed Corp. has exhibited some fluctuations over the past eight quarters. In the most recent quarter, Q4 2023, the operating profit margin was 9.69%, showing an increase from the previous quarter's 5.93%. However, compared to the same quarter last year, Q4 2022, the operating profit margin was lower at 6.70%.
Looking at the trend over the past year, the operating profit margin has generally been decreasing, starting from a high of 10.99% in Q1 2022 to the current 9.69% in Q4 2023. This downward trend indicates a potential erosion of profitability in the company's operations over the past year.
It is essential for Conmed Corp. to closely monitor and manage its operating expenses and revenue generation to improve the operating profit margin and ensure sustainable profitability in the long term. Monitoring and analyzing these trends can provide insights into the company's operational efficiency and overall financial health.
Peer comparison
Dec 31, 2023