Hexcel Corporation (HXL)

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	215,300	208,200	205,400	207,900	175,200	157,700	139,700	92,100	51,800	8,400	-52,000	-61,800	14,100	131,900	279,400	388,100	425,200	423,600	410,200	391,600
Revenue (ttm)	US$ in thousands	1,758,000	1,725,300	1,669,300	1,608,300	1,541,500	1,472,400	1,441,000	1,367,900	1,286,400	1,231,100	1,184,000	1,241,000	1,470,000	1,738,500	2,022,800	2,251,900	2,320,800	2,317,500	2,285,900	2,227,600
Operating profit margin		12.25%	12.07%	12.30%	12.93%	11.37%	10.71%	9.69%	6.73%	4.03%	0.68%	-4.39%	-4.98%	0.96%	7.59%	13.81%	17.23%	18.32%	18.28%	17.94%	17.58%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $215,300K ÷ $1,758,000K
= 12.25%

Based on the data provided for Hexcel Corp.'s operating profit margin over the past eight quarters, we observe a steady improvement in the company's profitability. The operating profit margin has shown an increasing trend from 6.71% in Q1 2022 to 12.03% in Q4 2023.

This indicates that Hexcel Corp. has been effectively managing its operating expenses in relation to its revenue generation over the period, resulting in higher operating profit margins. The consistent growth in operating profit margin reflects the company's operational efficiency and ability to generate profits from its core business activities.

Overall, the upward trajectory in Hexcel Corp.'s operating profit margin signals the company's strong financial performance and positive outlook for profitability in recent quarters. However, it would be important to monitor this trend in future periods to ensure sustained profitability and operational effectiveness.