Ichor Holdings Ltd (ICHR)

Operating profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Operating income (ttm)	US$ in thousands	-7,640	-14,347	-18,786	-19,430	-10,895	15,079	52,450	80,152	85,823	84,153	72,803	73,222	81,014	78,885	70,220	54,309	41,552	33,042	23,832	17,540
Revenue (ttm)	US$ in thousands	849,040	819,230	804,852	786,633	811,120	909,359	1,068,241	1,212,793	1,280,069	1,265,537	1,172,749	1,125,497	1,096,917	1,054,695	1,019,518	958,774	914,236	858,625	785,403	703,034
Operating profit margin		-0.90%	-1.75%	-2.33%	-2.47%	-1.34%	1.66%	4.91%	6.61%	6.70%	6.65%	6.21%	6.51%	7.39%	7.48%	6.89%	5.66%	4.54%	3.85%	3.03%	2.49%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-7,640K ÷ $849,040K
= -0.90%

Ichor Holdings Ltd's operating profit margin has shown a fluctuating trend over the past few years, starting at 2.49% in March 2020 and reaching a peak of 7.48% in September 2021. However, the operating profit margin started to decline thereafter, with a slight recovery in December 2022 before a steep drop in March 2023 and subsequent negative margins in the following quarters. From March 2024 to December 2024, the operating profit margin remained in negative territory, indicating challenges in managing operating expenses relative to revenues. This declining trend in the operating profit margin signals potential operational inefficiencies or cost management issues within the company that may require further investigation and strategic interventions to improve profitability.