Dorman Products Inc (DORM)
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 | 214,760 | 170,292 | 148,181 | 142,450 | 171,048 | 183,377 | 185,471 | 176,612 | 171,551 | 172,365 | 172,947 | 149,962 | 133,373 | 109,358 | 91,548 | 101,148 | 105,828 | 128,565 | 145,335 | 160,892 |
| Revenue (ttm) | US$ in thousands | 1,893,680 | 1,901,551 | 1,836,706 | 1,784,557 | 1,718,167 | 1,624,260 | 1,560,827 | 1,455,608 | 1,343,272 | 1,247,556 | 1,200,483 | 1,123,030 | 1,095,246 | 1,033,597 | 986,773 | 1,007,766 | 991,329 | 1,012,103 | 1,006,261 | 1,228,380 |
| Operating profit margin | 11.34% | 8.96% | 8.07% | 7.98% | 9.96% | 11.29% | 11.88% | 12.13% | 12.77% | 13.82% | 14.41% | 13.35% | 12.18% | 10.58% | 9.28% | 10.04% | 10.68% | 12.70% | 14.44% | 13.10% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $214,760K ÷ $1,893,680K
= 11.34%
The operating profit margin for Dorman Products Inc has shown fluctuations over the past eight quarters. In Q4 2023, the operating profit margin was 11.13%, showing an increase from the previous quarter's 8.79% in Q3 2023. However, it is important to note that the operating profit margin has shown a general downward trend since Q1 2022 when it was at 12.11%.
The company experienced its highest operating profit margin in Q1 2022 at 12.11%, followed by a gradual decrease over the following quarters. Despite the fluctuations, Dorman Products Inc has generally maintained operating profit margins above 7.5% throughout the period under review.
The recent uptick in Q4 2023 could indicate improved efficiency in managing operating costs compared to the previous quarter. It is worth monitoring future financial performance to assess if this trend continues or if there are underlying factors impacting the operating profit margin. Overall, the operating profit margin trend suggests varying levels of profitability in operations for Dorman Products Inc.
Peer comparison
Dec 31, 2023