Gates Industrial Corporation plc (GTES)
Operating profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 499,100 | 492,000 | 462,600 | 441,400 | 419,300 | 402,900 | 384,000 | 360,800 | 387,500 | 423,900 | 484,100 | 493,600 | 427,000 | 281,300 | 211,100 | 193,700 | 206,500 | 305,000 | 346,800 | 398,600 |
| Revenue (ttm) | US$ in thousands | 3,484,300 | 3,535,100 | 3,570,200 | 3,600,200 | 3,588,000 | 3,558,500 | 3,554,200 | 3,476,500 | 3,478,200 | 3,486,500 | 3,474,400 | 3,453,000 | 3,302,800 | 2,964,200 | 2,793,000 | 2,724,500 | 2,758,900 | 2,992,300 | 3,087,100 | 3,153,500 |
| Operating profit margin | 14.32% | 13.92% | 12.96% | 12.26% | 11.69% | 11.32% | 10.80% | 10.38% | 11.14% | 12.16% | 13.93% | 14.29% | 12.93% | 9.49% | 7.56% | 7.11% | 7.48% | 10.19% | 11.23% | 12.64% |
June 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $499,100K ÷ $3,484,300K
= 14.32%
The operating profit margin of Gates Industrial Corporation plc has displayed fluctuating trends over the recent quarters. The margin has shown a general upward trajectory from the fourth quarter of 2019 to the first quarter of 2022, reaching a peak of 14.29%. However, in subsequent quarters, the margin experienced a decline before stabilizing around the 12% mark.
It is notable that the operating profit margin exceeded 10% for the majority of the periods under review, indicating the company's ability to generate profits from its core operations. The highest margin recorded was in the first quarter of 2022 at 14.29%, while the lowest margin was in the first quarter of 2021 at 7.11%.
Overall, despite the fluctuations, Gates Industrial Corporation plc has demonstrated a consistent ability to maintain healthy operating profit margins, suggesting effective cost management and operational efficiency.
Peer comparison
Jun 30, 2024