Dolby Laboratories (DLB)
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 | 187,886 | 215,753 | 246,355 | 275,986 | 210,112 | 206,605 | 219,862 | 230,387 | 270,224 | 344,390 | 334,093 | 312,141 | 334,899 | 218,742 | 239,894 | 240,011 | 236,996 | 257,077 | 218,411 | 176,550 |
| Revenue (ttm) | US$ in thousands | 1,280,397 | 1,299,744 | 1,287,386 | 1,278,601 | 1,237,081 | 1,253,793 | 1,260,614 | 1,257,828 | 1,243,015 | 1,281,256 | 1,267,422 | 1,227,532 | 1,259,789 | 1,161,792 | 1,189,428 | 1,244,678 | 1,231,121 | 1,241,620 | 1,208,118 | 1,120,739 |
| Operating profit margin | 14.67% | 16.60% | 19.14% | 21.58% | 16.98% | 16.48% | 17.44% | 18.32% | 21.74% | 26.88% | 26.36% | 25.43% | 26.58% | 18.83% | 20.17% | 19.28% | 19.25% | 20.70% | 18.08% | 15.75% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $187,886K ÷ $1,280,397K
= 14.67%
The operating profit margin of Dolby Laboratories has varied over the past five years, showing fluctuations on a quarterly basis. The operating profit margin has generally been above 15%, indicating the company's ability to generate profits from its core operations.
There is a general upward trend observed in the operating profit margin from the first quarter of 2019 to the second quarter of 2021, reaching a peak of 26.88% in the third quarter of 2021. However, the operating profit margin has since decreased but remained above 15%, reflecting a level of stability in profitability.
The most recent operating profit margin of 14.67% in December 2023 indicates a slight decline compared to the previous quarters. This decline may warrant further investigation into the factors contributing to the decrease in profitability.
Overall, Dolby Laboratories has shown a relatively healthy operating profit margin, demonstrating its ability to effectively manage costs and generate profits from its operations. Monitoring trends in the operating profit margin can provide insights into the company's financial performance and operational efficiency.
Peer comparison
Dec 31, 2023