Exelixis Inc (EXEL)

Operating profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Operating income (ttm)	US$ in thousands	604,617	523,199	369,541	171,517	170,885	41,019	141,215	147,071	201,484	366,206	335,214	374,516	286,666	194,319	100,118	52,644	110,060	163,079	321,265	337,720
Revenue (ttm)	US$ in thousands	2,168,701	2,081,598	2,013,976	1,846,646	1,830,208	1,774,473	1,714,291	1,663,870	1,611,062	1,638,285	1,554,970	1,520,720	1,434,970	1,253,882	1,156,551	1,030,853	987,538	957,796	998,407	979,203
Operating profit margin		27.88%	25.13%	18.35%	9.29%	9.34%	2.31%	8.24%	8.84%	12.51%	22.35%	21.56%	24.63%	19.98%	15.50%	8.66%	5.11%	11.14%	17.03%	32.18%	34.49%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $604,617K ÷ $2,168,701K
= 27.88%

Exelixis Inc's operating profit margin has shown fluctuations over the analyzed period, ranging from a high of 34.49% in March 2020 to a low of 2.31% in September 2023. Generally, a higher operating profit margin indicates that the company is able to control its expenses effectively and generate more profit from its core operations.

The operating profit margin declined from 34.49% in March 2020 to 11.14% in December 2020, reflecting a significant decrease in profitability. However, there was a gradual recovery in the following quarters, with the margin improving to 27.88% by December 2024.

It is important to note that the operating profit margin saw fluctuations during the analyzed period, with both upward and downward trends. The company may have experienced changes in its revenue, expenses, or a combination of both factors that influenced its operating profit margin. Monitoring this ratio over time can provide insights into the company's operational efficiency and overall financial performance.