Insteel Industries Inc (IIIN)
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 | 24,198 | 34,948 | 60,861 | 98,247 | 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 | 4,457 | 18,514 | 32,413 |
| Revenue (ttm) | US$ in thousands | 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 | 454,662 | 464,253 | 464,751 |
| Operating profit margin | 4.03% | 5.38% | 8.66% | 12.86% | 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% | 0.98% | 3.99% | 6.97% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $24,198K ÷ $600,711K
= 4.03%
The operating profit margin of Insteel Industries Inc has shown fluctuations over the past several quarters. The margin declined from 17.28% in December 2022 to 1.20% in March 2020, reflecting a significant decrease in profitability. However, the margin improved in the following quarters, reaching 12.86% in March 2023, indicating a recovery in profitability.
The highest operating profit margin was recorded in December 2019 at 17.28%, showing strong profitability for the company at that time. Subsequently, the margin fluctuated between 2.24% and 8.66% before the significant decline in March 2020.
Overall, Insteel Industries Inc has shown varying levels of operating profit margin over the analyzed periods, with improvements seen in recent quarters after a period of lower profitability. It is important for the company to monitor and manage its expenses and revenue to ensure sustained profitability in the future.
Peer comparison
Dec 31, 2023