Enovis Corp (ENOV)
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 | -65,709 | -88,139 | -85,566 | -65,519 | -71,178 | -61,203 | -59,391 | -75,295 | 16,639 | -135,180 | -57,142 | -51,712 | -66,182 | 195,731 | 201,661 | 248,116 | 203,612 | 138,496 | 105,691 | 109,581 |
| Revenue (ttm) | US$ in thousands | 1,686,970 | 1,644,437 | 1,618,961 | 1,609,752 | 2,233,580 | 2,223,925 | 2,803,536 | 3,374,247 | 3,230,088 | 3,659,152 | 3,499,192 | 3,133,624 | 3,070,769 | 3,131,020 | 3,171,608 | 3,459,895 | 3,327,458 | 3,424,311 | 3,101,814 | 2,754,024 |
| Operating profit margin | -3.90% | -5.36% | -5.29% | -4.07% | -3.19% | -2.75% | -2.12% | -2.23% | 0.52% | -3.69% | -1.63% | -1.65% | -2.16% | 6.25% | 6.36% | 7.17% | 6.12% | 4.04% | 3.41% | 3.98% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-65,709K ÷ $1,686,970K
= -3.90%
The operating profit margin of Enovis Corp has been fluctuating over the past eight quarters. In Q4 2023, the company experienced a negative operating profit margin of -2.83%, indicating that the company's operating expenses exceeded its operating revenue. This represents an improvement compared to the previous quarter, Q3 2023, where the operating profit margin was -15.84%.
Looking at the trend over the past year, Enovis Corp's operating profit margin has been on a declining trend, with Q1 2023 showing the lowest margin of -18.38%. This downward trend is a cause for concern as it suggests that the company's profitability from its core operations has been weakening.
In contrast, the company had relatively stronger operating profit margins in the earlier quarters of 2022, with Q2 2022 and Q1 2022 showing margins of 5.08% and 7.00% respectively. This indicates that Enovis Corp's profitability has deteriorated significantly since then.
Overall, Enovis Corp's recent operating profit margin performance is subpar, and the company needs to closely monitor and address the factors affecting its profitability to ensure sustainable financial health.
Peer comparison
Dec 31, 2023