Harmonic Inc (HLIT)

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	22,172	29,016	49,043	54,163	45,519	44,188	38,135	25,189	18,809	20,438	13,446	1,756	-12,449	-22,518	1,652	3,442	13,083	13,702	-12,498	-4,092
Revenue (ttm)	US$ in thousands	601,654	597,493	625,363	626,252	617,168	611,864	581,045	535,811	500,824	470,444	438,894	398,174	364,172	361,941	376,886	388,697	388,955	380,432	371,146	385,534
Operating profit margin		3.69%	4.86%	7.84%	8.65%	7.38%	7.22%	6.56%	4.70%	3.76%	4.34%	3.06%	0.44%	-3.42%	-6.22%	0.44%	0.89%	3.36%	3.60%	-3.37%	-1.06%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $22,172K ÷ $601,654K
= 3.69%

Based on the data provided for Harmonic, Inc.'s operating profit margin over the past eight quarters, it is evident that the company has experienced fluctuations in this key metric. In Q1 2023, the operating profit margin was 8.88%, marking a peak in profitability during this period. However, in the subsequent quarters, Q2 and Q3 2023, the operating profit margin decreased to 8.00% and 5.13% respectively, indicating a decline in profitability.

In comparison to the same quarters in the prior year, Q4 2022 showed a slightly lower operating profit margin of 7.82%, which increased in Q1 2022 to 6.81%. This suggests an improvement in profitability year-over-year.

Overall, Harmonic, Inc.'s operating profit margin has displayed variability over the quarters, with fluctuations both within the year and in comparison to the previous year. Further analysis and investigation into the factors influencing these fluctuations would be necessary to provide a comprehensive understanding of the company's financial performance.