Insteel Industries Inc (IIIN)
Operating profit margin
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 19,231 | 20,356 | 25,291 | 23,207 | 33,957 | 59,870 | 97,256 | 141,350 | 130,790 | 128,727 | 102,640 | 51,887 | 50,667 | 30,337 | 13,837 | 20,015 | 21,549 | 10,012 | 5,404 | 508 |
| Revenue (ttm) | US$ in thousands | 529,219 | 549,135 | 569,054 | 600,711 | 649,214 | 702,408 | 763,864 | 817,999 | 826,223 | 790,215 | 723,780 | 649,569 | 590,694 | 556,516 | 517,734 | 493,592 | 471,587 | 446,089 | 450,346 | 447,416 |
| Operating profit margin | 3.63% | 3.71% | 4.44% | 3.86% | 5.23% | 8.52% | 12.73% | 17.28% | 15.83% | 16.29% | 14.18% | 7.99% | 8.58% | 5.45% | 2.67% | 4.05% | 4.57% | 2.24% | 1.20% | 0.11% |
September 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $19,231K ÷ $529,219K
= 3.63%
The operating profit margin of Insteel Industries Inc has exhibited fluctuations over the past few quarters. In the most recent quarter, ending September 30, 2024, the operating profit margin stood at 3.63%, showing a slight decrease compared to the previous quarter. This decline in profitability could be attributed to various factors such as changes in sales volume, production costs, or pricing strategies.
Looking back over the past few quarters, the operating profit margin has shown a declining trend since its peak of 17.28% in December 2022. The company's profitability was significantly higher in the earlier quarters of 2022 and 2023, with double-digit margins recorded in some periods. However, there has been a noticeable decrease in profitability in recent quarters.
It is important for stakeholders to closely monitor the operating profit margin of Insteel Industries Inc to assess the company's financial performance and efficiency in generating profits from its operations. The downward trend in profitability should prompt management to evaluate their cost structure, revenue streams, and overall business strategies to enhance profitability and ensure sustainable growth in the future.
Peer comparison
Sep 30, 2024