MarineMax Inc (HZO)
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 | 183,301 | 200,802 | 217,405 | 238,124 | 254,502 | 265,204 | 257,983 | 243,591 | 224,678 | 209,460 | 198,514 | 166,221 | 123,067 | 106,715 | 86,541 | 66,668 | 67,178 | 60,532 | 64,902 | 62,758 |
| Revenue (ttm) | US$ in thousands | 2,414,053 | 2,394,706 | 2,336,875 | 2,303,568 | 2,343,334 | 2,308,098 | 2,233,644 | 2,211,435 | 2,124,424 | 2,063,257 | 1,999,709 | 1,831,685 | 1,617,065 | 1,509,713 | 1,419,087 | 1,304,277 | 1,299,388 | 1,237,153 | 1,237,608 | 1,215,368 |
| Operating profit margin | 7.59% | 8.39% | 9.30% | 10.34% | 10.86% | 11.49% | 11.55% | 11.02% | 10.58% | 10.15% | 9.93% | 9.07% | 7.61% | 7.07% | 6.10% | 5.11% | 5.17% | 4.89% | 5.24% | 5.16% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $183,301K ÷ $2,414,053K
= 7.59%
The operating profit margin of Marinemax, Inc. has shown a declining trend over the past eight quarters, decreasing from 11.55% in June 2022 to 7.59% in December 2023. This indicates that the company's operating income as a percentage of its revenue has been gradually decreasing. The decline in operating profit margin may be attributed to various factors such as increasing operating expenses relative to revenue, pricing pressures, or a decrease in sales volume. It is important for the company to closely monitor and address the factors contributing to this trend in order to maintain and improve its profitability.
Peer comparison
Dec 31, 2023