DXP Enterprises Inc (DXPE)
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 | 138,722 | 132,469 | 123,152 | 111,592 | 97,752 | 81,611 | 66,257 | 55,183 | 39,857 | 26,985 | -25,046 | -32,754 | -27,668 | -14,357 | 48,206 | 63,915 | 67,412 | 83,444 | 78,540 | 75,753 |
| Revenue (ttm) | US$ in thousands | 1,624,653 | 1,630,258 | 1,604,174 | 1,550,194 | 1,451,697 | 1,344,867 | 1,248,616 | 1,166,773 | 1,093,114 | 1,037,874 | 970,085 | 937,202 | 993,218 | 1,056,018 | 1,161,769 | 1,242,731 | 1,252,318 | 1,267,818 | 1,248,873 | 1,225,530 |
| Operating profit margin | 8.54% | 8.13% | 7.68% | 7.20% | 6.73% | 6.07% | 5.31% | 4.73% | 3.65% | 2.60% | -2.58% | -3.49% | -2.79% | -1.36% | 4.15% | 5.14% | 5.38% | 6.58% | 6.29% | 6.18% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $138,722K ÷ $1,624,653K
= 8.54%
The operating profit margin of DXP Enterprises Inc has shown a fluctuating trend over the past several quarters. The margin increased from -3.49% in September 2021 to 8.54% in December 2023. This indicates an improvement in the company's ability to generate profits from its core operations during this period.
Although the margin has been increasing overall, there have been some periods of decline, such as in the second and third quarters of 2021 when the margin was negative. However, the company managed to recover and improve profitability in the following quarters.
The positive trend in operating profit margin suggests that DXP Enterprises Inc has been effectively managing its operating costs and generating higher returns from its revenue. Investors and stakeholders may view this improvement positively as it indicates the company's ability to enhance profitability over time. Monitoring this metric going forward will be crucial to assess the company's ongoing financial performance and operational efficiency.
Peer comparison
Dec 31, 2023