Ford Motor Company (F)

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	5,458,000	7,264,000	6,639,000	7,046,000	6,276,000	5,454,000	6,292,000	3,402,000	4,523,000	1,342,000	2,351,000	-386,000	-4,408,000	-2,423,000	-5,035,000	-2,186,000	574,000	1,663,000	2,788,000	506,000
Revenue (ttm)	US$ in thousands	176,452,000	173,326,000	169,237,000	164,758,000	158,057,000	151,736,000	148,027,000	134,589,000	136,341,000	134,615,000	136,433,000	129,052,000	127,144,000	130,907,000	130,396,000	149,878,000	155,900,000	157,978,000	158,654,000	158,721,000
Operating profit margin		3.09%	4.19%	3.92%	4.28%	3.97%	3.59%	4.25%	2.53%	3.32%	1.00%	1.72%	-0.30%	-3.47%	-1.85%	-3.86%	-1.46%	0.37%	1.05%	1.76%	0.32%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $5,458,000K ÷ $176,452,000K
= 3.09%

Ford Motor Co.'s operating profit margin has shown some fluctuations over the past eight quarters. In Q4 2023, the operating profit margin was 3.10%, marking a decrease from the previous quarter. Despite this decrease, the margin remained above 3% which could indicate decent operational efficiency.

Looking back, the operating profit margin was highest in Q3 2022 at 4.25% and lowest in Q1 2022 at 2.53%. This suggests some volatility in the company's profitability during the analyzed period. Overall, Ford seems to have managed to maintain its margins above 3%, indicating a reasonable level of profitability in its operations. Further analysis of the trends driving these fluctuations could provide more insights into the company's financial performance.