Haverty Furniture Companies Inc (HVT)
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 | 67,125 | 210,377 | 221,288 | 235,006 | 246,059 | 236,211 | 235,984 | 236,531 | 236,390 | 223,922 | 218,951 | 240,453 | 217,259 | 193,055 | 174,083 | 131,470 | 133,828 | 134,879 | 137,706 | 138,357 |
| Revenue (ttm) | US$ in thousands | 867,572 | 935,649 | 988,559 | 1,034,657 | 1,047,913 | 1,033,296 | 1,018,756 | 1,015,444 | 1,012,971 | 988,370 | 945,498 | 805,218 | 748,317 | 720,815 | 712,863 | 795,327 | 803,272 | 798,403 | 799,078 | 805,167 |
| Operating profit margin | 7.74% | 22.48% | 22.38% | 22.71% | 23.48% | 22.86% | 23.16% | 23.29% | 23.34% | 22.66% | 23.16% | 29.86% | 29.03% | 26.78% | 24.42% | 16.53% | 16.66% | 16.89% | 17.23% | 17.18% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $67,125K ÷ $867,572K
= 7.74%
The operating profit margin of Haverty Furniture Cos., Inc. has shown a declining trend over the past 8 quarters, from 11.71% in Q1 2022 to 7.80% in Q4 2023. This indicates that the company's ability to generate profits from its core operations has been weakening over time. Factors contributing to this trend could include increasing operating expenses, pricing pressure, or a decrease in sales volumes relative to costs. It is essential for the company to closely monitor its operating efficiency and cost structure to reverse this downward trend and improve profitability in the future.
Peer comparison
Dec 31, 2023