Haemonetics Corporation (HAE)

Operating profit margin

		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	Jun 30, 2019
Operating income (ttm)	US$ in thousands	164,883	170,195	167,496	178,925	156,033	139,977	132,349	110,127	80,750	40,376	45,150	79,422	89,747	136,929	137,411	128,368	103,351	101,200	88,613	64,950
Revenue (ttm)	US$ in thousands	2,596,175	2,424,725	2,393,776	2,373,078	2,323,237	1,114,154	1,068,622	1,011,034	987,485	954,649	935,251	904,840	862,112	882,733	901,332	944,412	989,857	1,000,660	989,046	978,061
Operating profit margin		6.35%	7.02%	7.00%	7.54%	6.72%	12.56%	12.39%	10.89%	8.18%	4.23%	4.83%	8.78%	10.41%	15.51%	15.25%	13.59%	10.44%	10.11%	8.96%	6.64%

March 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $164,883K ÷ $2,596,175K
= 6.35%

The operating profit margin of Haemonetics Corporation has fluctuated over the past few quarters.

From Mar 31, 2020, to Dec 31, 2020, there was a gradual decline in the operating profit margin from 15.51% to 10.44%. This was followed by a slight increase in the first two quarters of 2021, reaching 12.56% by Dec 31, 2021.

However, there was a significant decrease in the operating profit margin in the first quarter of 2022, dropping to 4.23%. The company saw a recovery in the following quarters, with the operating profit margin gradually climbing to 8.18% by Mar 31, 2022.

The operating profit margin continued to improve throughout 2022, reaching 12.39% by Dec 31, 2022. This positive trend continued into the first quarter of 2023, where the operating profit margin was at 7.54%.

In the most recent quarter, Mar 31, 2024, the operating profit margin was at 6.35%, showing a slight decline compared to the previous quarter. Overall, the operating profit margin of Haemonetics Corporation has displayed variability over the analyzed period, with both positive and negative fluctuations.