Corsair Gaming Inc (CRSR)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 9,689 | 11,205 | 975 | -51,271 | -54,793 | -43,296 | -21,553 | 68,120 | 137,894 | 171,650 | 210,616 |
| Revenue (ttm) | US$ in thousands | 1,459,875 | 1,441,319 | 1,389,895 | 1,348,371 | 1,375,098 | 1,486,990 | 1,566,342 | 1,755,337 | 1,904,060 | 1,949,777 | 2,015,759 |
| Operating profit margin | 0.66% | 0.78% | 0.07% | -3.80% | -3.98% | -2.91% | -1.38% | 3.88% | 7.24% | 8.80% | 10.45% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $9,689K ÷ $1,459,875K
= 0.66%
Corsair Gaming Inc's operating profit margin has shown fluctuations over the past eight quarters. In Q4 2023, the operating profit margin was 0.66%, which decreased from the previous quarter's margin of 0.78%. Despite this slight decline, the company has managed to maintain a positive margin in Q4 2023, signaling operational efficiency in generating profits from its core business activities.
Compared to Q1 2023 and Q2 2023, where the operating profit margins were 0.07% and -3.80% respectively, the performance in Q4 2023 reflects an improvement in profitability. However, it is worth noting that in Q1 2023, the operating profit margin was notably low, indicating potential challenges in cost management and revenue generation during that period.
Looking back at Q4 2022 and Q1 2022, the company experienced negative operating profit margins of -3.98% and -1.38% respectively. The significant improvement to a positive operating profit margin in Q1 2023 and subsequent quarters demonstrates Corsair Gaming Inc's efforts to enhance operational efficiency and profitability.
Overall, while the operating profit margin has exhibited fluctuations, the recent positive margin in Q4 2023 suggests that Corsair Gaming Inc has made progress in optimizing its operations and managing costs effectively. Continued monitoring and analysis of the company's operating performance will be essential to assess its financial health and sustainability in the long term.
Peer comparison
Dec 31, 2023