CTS Corporation (CTS)

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	75,051	80,425	84,881	89,135	93,006	89,812	86,135	84,028	76,480	75,181	69,473	55,136	45,130	40,384	37,249	48,090	53,816	58,442	64,436	61,897
Revenue (ttm)	US$ in thousands	550,422	568,009	585,368	585,168	586,869	577,119	547,590	532,193	512,925	503,412	494,807	449,419	424,067	416,089	417,963	454,450	469,000	474,033	477,241	474,578
Operating profit margin		13.64%	14.16%	14.50%	15.23%	15.85%	15.56%	15.73%	15.79%	14.91%	14.93%	14.04%	12.27%	10.64%	9.71%	8.91%	10.58%	11.47%	12.33%	13.50%	13.04%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $75,051K ÷ $550,422K
= 13.64%

CTS Corp.'s operating profit margin has shown a consistent trend over the past eight quarters. The company's operating profit margin gradually decreased from 16.17% in Q4 2022 to 14.92% in Q4 2023, indicating a slight decline in profitability. However, the margins have stayed relatively stable within a narrow range between 14.92% and 16.17% throughout these quarters. This suggests that CTS Corp. has been able to maintain efficient cost management and generate a healthy level of operating income relative to its revenue over the analyzed period. Despite the slight fluctuations, the company has demonstrated overall stability in its operating profitability.