Cohu Inc (COHU)
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 | 43,272 | 70,181 | 96,486 | 117,741 | 125,557 | 115,869 | 115,878 | 193,481 | 201,518 | 202,737 | 167,661 | 52,616 | 3,260 | -29,173 | -33,836 | -47,970 | -52,328 | -97,820 | -84,786 | -59,357 |
| Revenue (ttm) | US$ in thousands | 629,363 | 683,338 | 741,439 | 791,525 | 809,990 | 809,089 | 824,680 | 925,739 | 948,812 | 964,541 | 892,945 | 714,217 | 627,430 | 567,086 | 556,311 | 560,509 | 568,943 | 597,569 | 543,374 | 501,974 |
| Operating profit margin | 6.88% | 10.27% | 13.01% | 14.88% | 15.50% | 14.32% | 14.05% | 20.90% | 21.24% | 21.02% | 18.78% | 7.37% | 0.52% | -5.14% | -6.08% | -8.56% | -9.20% | -16.37% | -15.60% | -11.82% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $43,272K ÷ $629,363K
= 6.88%
The operating profit margin of Cohu Inc has exhibited fluctuations over the past few quarters, with a noticeable improvement in the most recent data point.
From March 2021 to June 2022, the operating profit margin steadily increased from 7.37% to 21.02%, indicating a positive trend in the company's profitability. This could be attributed to various factors such as increased operational efficiency, cost control measures, or revenue growth during this period.
However, in the subsequent quarters from September 2022 to December 2023, the operating profit margin saw a decline, dropping to 6.88%. While the margin remains positive, this decreasing trend raises some concerns about the company's ability to maintain profitability in the face of potential challenges.
It is important for Cohu Inc to closely monitor its operating expenses, revenue streams, and overall operational performance to ensure sustainable profitability in the long term. Additionally, the company may need to implement strategic measures to address any factors contributing to the decline in the operating profit margin and work towards improving efficiency and maintaining a healthy margin.
Peer comparison
Dec 31, 2023