Corteva Inc (CTVA)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -2,029,000 | -1,753,000 | -1,798,000 | -1,698,000 | -1,937,000 | -2,116,000 | -2,220,000 | -2,493,000 | -2,619,000 | -475,000 | -523,000 | -1,042,000 | -1,325,000 | -1,515,000 | -1,590,000 | -1,019,000 | -1,378,000 |
| Revenue (ttm) | US$ in thousands | 17,226,000 | 17,344,000 | 17,531,000 | 17,738,000 | 17,455,000 | 17,109,000 | 16,703,000 | 16,078,000 | 15,655,000 | 15,383,000 | 14,875,000 | 14,439,000 | 14,217,000 | 13,993,000 | 14,041,000 | 14,406,000 | 13,846,000 |
| Operating profit margin | -11.78% | -10.11% | -10.26% | -9.57% | -11.10% | -12.37% | -13.29% | -15.51% | -16.73% | -3.09% | -3.52% | -7.22% | -9.32% | -10.83% | -11.32% | -7.07% | -9.95% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-2,029,000K ÷ $17,226,000K
= -11.78%
Corteva Inc's operating profit margin has shown a generally positive trend over the past eight quarters, with a range of 9.02% to 12.25%. In Q4 2023, the operating profit margin reached its highest point at 12.25%, reflecting an efficient management of costs and expenses relative to revenue. This improvement compared to the previous quarters demonstrates the company's ability to generate more profit from its operations.
The company has been able to maintain a consistently strong operating profit margin above 10% over the past two years, indicating sound financial health and effective operational management. The upward trend in operating profit margin suggests the company's ability to control costs and improve profitability, which could be attributed to various factors such as operational efficiencies, pricing strategies, and cost management initiatives.
Overall, Corteva Inc's operating profit margin performance indicates a financially stable and well-managed company. Continued focus on maintaining or improving this metric can lead to sustained profitability and shareholder value in the long term.
Peer comparison
Dec 31, 2023