Cirrus Logic Inc (CRUS)

Operating profit margin

		Mar 31, 2024	Dec 31, 2023	Sep 23, 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
Operating income (ttm)	US$ in thousands	343,466	228,248	202,080	212,548	249,031	419,738	422,532	401,511	366,338	283,177	268,653	237,610	237,182	222,459	165,488	188,011	173,480	170,606	142,168	111,070
Revenue (ttm)	US$ in thousands	1,788,131	1,789,079	1,760,694	1,820,205	1,896,542	2,014,981	1,972,748	1,898,050	1,781,915	1,584,295	1,521,700	1,403,112	1,368,432	1,354,186	1,243,059	1,284,646	1,280,324	1,241,474	1,191,101	1,168,494
Operating profit margin		19.21%	12.76%	11.48%	11.68%	13.13%	20.83%	21.42%	21.15%	20.56%	17.87%	17.65%	16.93%	17.33%	16.43%	13.31%	14.64%	13.55%	13.74%	11.94%	9.51%

March 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $343,466K ÷ $1,788,131K
= 19.21%

Cirrus Logic Inc's operating profit margin has exhibited fluctuations over the past few quarters. The company's operating profit margin increased from 9.51% in December 2019 to a peak of 21.42% in December 2022. However, there was a notable decline in operating profit margin in the first quarter of 2023, dropping to 13.13%.

Subsequently, the operating profit margin continued to decrease in the following quarters, reaching a low of 11.48% in September 2023. The margin slightly improved in the most recent quarter, standing at 19.21%, indicating a positive trend.

Overall, Cirrus Logic Inc's operating profit margin has shown variability, with periods of both growth and decline. It is essential for the company to closely monitor and manage its operating expenses and revenue generation to sustain and improve its operating profit margin in the future.