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.