Hasbro Inc (HAS)
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 | -1,538,800 | -465,900 | -102,100 | 305,600 | 407,700 | 704,900 | 878,500 | 736,000 | 763,300 | 778,164 | 746,864 | 672,464 | 501,864 | 505,880 | 466,490 | 592,623 | 652,050 | 472,217 | 488,343 | 447,598 |
| Revenue (ttm) | US$ in thousands | 5,003,300 | 5,392,900 | 5,565,400 | 5,694,600 | 5,856,700 | 6,191,600 | 6,485,700 | 6,468,700 | 6,420,400 | 6,129,970 | 5,936,590 | 5,474,669 | 5,465,439 | 5,170,479 | 4,969,029 | 5,093,287 | 4,720,227 | 4,681,377 | 4,675,897 | 4,595,818 |
| Operating profit margin | -30.76% | -8.64% | -1.83% | 5.37% | 6.96% | 11.38% | 13.55% | 11.38% | 11.89% | 12.69% | 12.58% | 12.28% | 9.18% | 9.78% | 9.39% | 11.64% | 13.81% | 10.09% | 10.44% | 9.74% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-1,538,800K ÷ $5,003,300K
= -30.76%
Hasbro, Inc.'s operating profit margin has exhibited fluctuating trend over the past eight quarters. The operating profit margin decreased from 13.65% in Q2 2022 to 2.72% in Q2 2023, showing a significant decline. This decline could be attributed to various factors such as changes in revenue, cost of sales, and operating expenses during this period.
Subsequently, in Q3 2023, the operating profit margin improved to 4.40%, indicating a partial recovery from the low point in the previous quarter. However, the margin is still below the levels seen in the earlier quarters. This increase suggests potential cost control measures implemented by the company or an increase in revenue relative to costs in that quarter.
In Q4 2023, the operating profit margin further increased to 3.83%, but it remains lower than the levels observed in the corresponding quarters of the previous year. The downward trend over the quarters may indicate challenges in maintaining profitability, potentially due to factors such as increased competition, rising operational costs, or changes in consumer demand impacting the company's margins.
It is essential for Hasbro, Inc. to closely monitor and manage its operating expenses, cost structure, and pricing strategies to improve its operating profit margin and sustain profitability in the long term. Additionally, the company may need to focus on enhancing operational efficiency and revenue generation to offset any negative margin impacts and improve financial performance.