Embecta Corp (EMBC)

Operating profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022
Operating income (ttm)	US$ in thousands	178,200	221,500	78,000	123,800	167,100	194,900
Revenue (ttm)	US$ in thousands	1,116,800	1,115,200	1,110,600	1,115,600	1,108,100	1,123,300
Operating profit margin		15.96%	19.86%	7.02%	11.10%	15.08%	17.35%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $178,200K ÷ $1,116,800K
= 15.96%

The operating profit margin of Embecta Corp has displayed some variability over the past six quarters. It was 15.96% as of December 31, 2023, which was lower compared to the 19.86% in September 2023. This decline might raise concerns about the company's ability to control its operating expenses effectively. The operating profit margin further decreased to 7.02% in June 2023, indicating a significant drop in profitability during that period. However, there was a slight improvement in the operating profit margin to 11.10% as of March 31, 2023.

Looking back to December 31, 2022, the operating profit margin stood at 15.08%, showing stability compared to the recent quarters. In September 2022, it was recorded at 17.35%, indicating a slightly higher profitability level which then declined afterwards.

Overall, the fluctuation in Embecta Corp's operating profit margin over the analyzed period suggests some inconsistency in the company's ability to generate profits from its core operations. Further investigation into the factors influencing these fluctuations would be necessary to assess the company's operational efficiency and profitability sustainability.