Carpenter Technology Corporation (CRS)

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	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
Operating income (ttm)	US$ in thousands	323,000	277,600	241,000	193,800	133,100	94,800	56,600	2,500	-24,900	-120,300	-161,400	-218,900	-248,600	-326,000	-227,300	-83,300	25,300	241,400	255,900	256,300
Revenue (ttm)	US$ in thousands	2,756,000	3,797,300	3,802,500	3,757,400	3,628,400	2,335,500	2,122,700	1,929,400	1,783,800	1,653,000	1,518,600	1,473,100	1,423,200	1,447,900	1,686,200	1,913,600	2,166,400	2,370,500	2,391,900	2,373,400
Operating profit margin		11.72%	7.31%	6.34%	5.16%	3.67%	4.06%	2.67%	0.13%	-1.40%	-7.28%	-10.63%	-14.86%	-17.47%	-22.52%	-13.48%	-4.35%	1.17%	10.18%	10.70%	10.80%

June 30, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $323,000K ÷ $2,756,000K
= 11.72%

The operating profit margin of Carpenter Technology Corporation has exhibited fluctuations over the past several quarters. The trend indicates an improvement in profitability, as the operating profit margin has generally been increasing over the recent quarters. The operating profit margin was at 11.72% as of June 30, 2024, which is the highest level observed in the provided data.

The company experienced a significant improvement in profitability from negative margins in previous periods to positive margins in more recent quarters. This positive trend suggests that Carpenter Technology Corporation has been able to manage its operating expenses more effectively and/or increase its operating income relative to its revenues.

It is essential to note that the operating profit margin is a key indicator of a company's operational efficiency and profitability. The positive trend in Carpenter Technology Corporation's operating profit margin indicates a potentially healthier financial performance and operational strength in recent quarters. However, further analysis and monitoring of the company's financial performance will be necessary to assess the sustainability of this positive trend over the long term.