Globus Medical (GMED)
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 | 133,142 | 177,047 | 236,345 | 237,909 | 227,951 | 192,123 | 185,750 | 163,850 | 171,953 | 212,288 | 208,972 | 137,533 | 111,433 | 102,877 | 94,925 | 163,357 | 171,988 | 122,009 | 118,249 | 117,519 |
Revenue (ttm) | US$ in thousands | 1,568,476 | 1,226,440 | 1,096,949 | 1,068,982 | 1,022,843 | 998,366 | 973,939 | 961,307 | 958,102 | 941,526 | 927,903 | 825,809 | 789,042 | 767,264 | 747,381 | 792,998 | 785,368 | 769,639 | 742,660 | 721,505 |
Operating profit margin | 8.49% | 14.44% | 21.55% | 22.26% | 22.29% | 19.24% | 19.07% | 17.04% | 17.95% | 22.55% | 22.52% | 16.65% | 14.12% | 13.41% | 12.70% | 20.60% | 21.90% | 15.85% | 15.92% | 16.29% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $133,142K ÷ $1,568,476K
= 8.49%
The operating profit margin of Globus Medical Inc has displayed some fluctuations over the past eight quarters. In Q4 2023, the operating profit margin was reported at 12.87%, marking a decrease from the previous quarter's figure of 19.38%. This decline raises concerns about the company's ability to efficiently convert revenue into profit from core operations during this period.
Comparing the current quarter to the same quarter in the previous year, there is a noticeable decrease in operating profit margin from 23.10% in Q4 2022 to 12.87% in Q4 2023. This indicates a significant decline in profitability over the year. It is crucial for the company to closely monitor and address the factors contributing to this decrease to ensure long-term financial health.
Overall, while there have been fluctuations in the operating profit margin of Globus Medical Inc, the recent trend suggests a decline in profitability. Further analysis and action may be necessary to improve operational efficiency and sustain profitability in the future quarters.
Peer comparison
Dec 31, 2023