HNI Corp (HNI)

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	90,300	82,600	107,700	141,200	155,200	144,100	88,400	83,200	85,400	105,024	117,586	107,728	61,400	93,637	115,531	123,937	151,342	131,382	124,352	128,164
Revenue (ttm)	US$ in thousands	2,434,000	2,323,100	2,210,300	2,268,500	2,361,700	2,395,700	2,383,600	2,272,400	2,184,393	2,136,642	2,057,005	1,963,961	1,948,372	2,000,722	2,119,093	2,225,230	2,233,871	2,221,927	2,205,091	2,222,483
Operating profit margin		3.71%	3.56%	4.87%	6.22%	6.57%	6.01%	3.71%	3.66%	3.91%	4.92%	5.72%	5.49%	3.15%	4.68%	5.45%	5.57%	6.77%	5.91%	5.64%	5.77%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $90,300K ÷ $2,434,000K
= 3.71%

The operating profit margin of HNI Corp has fluctuated over the past few quarters, ranging from a low of 3.15% in December 2020 to a high of 6.77% in March 2019. The most recent operating profit margin as of December 31, 2023, was 3.71%.

The trend of the operating profit margin shows some variability, with peaks and troughs observed throughout the periods analyzed. It is essential for the company to closely monitor and manage its operating expenses and revenue generation strategies to maintain a healthy operating profit margin. Further analysis and comparison with industry benchmarks could provide additional insights into the company's performance.