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.
Peer comparison
Mar 31, 2024