California Water Service Group (CWT)

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	77,135	68,186	89,658	100,998	127,660	111,826	118,032	132,989	126,770	141,351	176,261	146,508	136,666	131,988	77,493	92,013	99,412	105,592	101,354	101,180
Revenue (ttm)	US$ in thousands	747,613	735,174	747,860	761,503	804,187	797,818	769,379	775,750	750,020	819,771	805,304	766,295	755,324	656,603	650,604	644,504	626,578	622,617	615,748	621,513
Operating profit margin		10.32%	9.27%	11.99%	13.26%	15.87%	14.02%	15.34%	17.14%	16.90%	17.24%	21.89%	19.12%	18.09%	20.10%	11.91%	14.28%	15.87%	16.96%	16.46%	16.28%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $77,135K ÷ $747,613K
= 10.32%

The operating profit margin of California Water Service Group has shown some fluctuations over the past quarters. In Q4 2023, the operating profit margin decreased to 9.71% from 11.97% in Q1 2023, indicating a decline in the company's ability to generate profit from its core operations efficiently. This decline follows a downward trend since the peak in Q1 2022 at 16.09%.

While the company's operating profit margin is lower than previous levels, it is important to determine the reasons behind this decline. Factors such as changes in operating expenses, pricing strategies, revenue growth, or efficiency in cost management could contribute to fluctuations in the operating profit margin.

Further analysis and comparison with industry averages or competitors' operating profit margins could provide additional insights into California Water Service Group's performance and competitiveness within the market. It would be advisable for the company to closely monitor its operating profit margin trends and implement strategies to improve operational efficiency and profitability.