DR Horton Inc (DHI)

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	4,074,600	4,140,500	6,144,500	6,581,000	7,251,900	7,510,100	7,198,000	6,446,100	5,746,600	5,275,300	9,988,800	9,350,300	8,758,200	8,224,700	6,856,100	6,673,000	6,518,400	6,413,600	5,883,500	5,892,000
Revenue (ttm)	US$ in thousands	35,928,500	35,460,300	34,595,700	33,658,200	33,684,300	33,479,900	31,949,800	30,446,300	28,894,200	27,774,200	26,065,300	24,170,700	22,223,800	20,311,100	18,949,600	18,465,900	18,094,600	17,592,900	17,059,200	16,588,200
Operating profit margin		11.34%	11.68%	17.76%	19.55%	21.53%	22.43%	22.53%	21.17%	19.89%	18.99%	38.32%	38.68%	39.41%	40.49%	36.18%	36.14%	36.02%	36.46%	34.49%	35.52%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $4,074,600K ÷ $35,928,500K
= 11.34%

The operating profit margin of D.R. Horton Inc. has shown a declining trend over the last eight quarters. In the most recent quarter (December 31, 2023), the operating profit margin was 16.82%, which is a decrease from the previous quarter's 17.21%. This decline is consistent with the broader trend seen over the past two years, where the operating profit margin has steadily decreased from 22.65% in June 2022 to 16.82% in December 2023.

This declining trend may indicate challenges in controlling operating costs or maintaining sales growth relative to production costs. It would be advisable for stakeholders to further investigate the reasons behind this trend to assess the company's operational efficiency and profitability sustainability.