IDACORP Inc (IDA)

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	313,477	333,465	335,401	334,613	327,178	322,344	318,312	329,210	329,651	331,447	332,025	319,061	309,522	310,050	299,436	291,776	298,325	292,321	293,398	304,453
Revenue (ttm)	US$ in thousands	1,557,806	1,553,827	1,579,873	1,546,401	1,482,913	1,398,151	1,318,513	1,330,616	1,303,710	1,309,887	1,277,650	1,230,061	1,209,724	1,186,219	1,150,976	1,148,403	1,212,348	1,225,056	1,256,488	1,281,147
Operating profit margin		20.12%	21.46%	21.23%	21.64%	22.06%	23.06%	24.14%	24.74%	25.29%	25.30%	25.99%	25.94%	25.59%	26.14%	26.02%	25.41%	24.61%	23.86%	23.35%	23.76%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $313,477K ÷ $1,557,806K
= 20.12%

Idacorp, Inc. has shown fluctuations in its operating profit margin over the past eight quarters. The operating profit margin has ranged from a low of 10.58% in Q1 2023 to a high of 18.92% in Q1 2022. The company's operating profit margin improved sequentially in Q4 2023 compared to the previous quarter, reaching 18.14%. This increase indicates a strong performance in managing operating expenses relative to revenue in the most recent quarter. However, it is essential to monitor future trends to assess the sustainability of this improvement and its impact on the overall financial health of Idacorp, Inc.