Columbia Sportswear Company (COLM)

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	310,284	352,614	363,321	365,865	393,104	449,268	437,468	463,690	450,504	362,629	314,811	209,516	137,049	151,989	218,361	305,026	394,971	409,106	386,235	379,619
Revenue (ttm)	US$ in thousands	3,508,867	3,617,807	3,586,986	3,545,274	3,486,171	3,445,691	3,294,837	3,281,517	3,141,308	2,921,771	2,812,935	2,558,932	2,501,554	2,540,798	2,746,499	2,956,098	3,042,478	3,005,209	2,894,217	2,849,626
Operating profit margin		8.84%	9.75%	10.13%	10.32%	11.28%	13.04%	13.28%	14.13%	14.34%	12.41%	11.19%	8.19%	5.48%	5.98%	7.95%	10.32%	12.98%	13.61%	13.35%	13.32%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $310,284K ÷ $3,508,867K
= 8.84%

The operating profit margin of Columbia Sportswear Co. has shown a gradual decline over the past eight quarters. It decreased from 13.62% in Q1 2022 to 8.99% in Q4 2023. This trend indicates that the company's ability to generate profit from its core operations has weakened over time, which may be a cause for concern. Further analysis and investigation are recommended to understand the underlying factors contributing to this downward trend and to explore potential strategies to improve the operating profit margin in the future.