Ichor Holdings Ltd (ICHR)

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	-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	14,977	15,252	23,478	46,345
Revenue (ttm)	US$ in thousands	791,741	890,431	1,051,200	1,198,719	1,269,013	1,256,502	1,165,476	1,118,696	1,089,729	1,047,699	1,011,957	950,502	905,509	849,443	775,610	692,781	610,190	562,064	582,925	693,162
Operating profit margin		-1.38%	1.69%	4.99%	6.69%	6.76%	6.70%	6.25%	6.55%	7.43%	7.53%	6.94%	5.71%	4.59%	3.89%	3.07%	2.53%	2.45%	2.71%	4.03%	6.69%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-10,895K ÷ $791,741K
= -1.38%

The operating profit margin of Ichor Holdings Ltd has shown variability over the past few quarters. The margin experienced a decline in the most recent quarter, reaching -1.38%, indicating that the company's operating expenses exceeded its operating income, resulting in a negative margin. This negative trend contrasts with the positive margins observed in previous quarters, where the company was able to generate profit from its core business operations.

The margin hit its highest point in the second quarter of 2021 at 7.53%, reflecting a strong performance in managing operating expenses relative to revenue. However, there has been a downward trend since then, with fluctuations in profitability levels.

It is important for Ichor Holdings Ltd to closely monitor and manage its operating expenses to improve its operating profit margin and profitability in the upcoming quarters. Further analysis of the company's cost structure and revenue generation strategies may be necessary to address the recent decline in operating profit margin.