Ingredion Incorporated (INGR)
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 | 957,000 | 912,000 | 881,000 | 843,000 | 762,000 | 691,000 | 681,000 | 690,000 | 310,000 | 387,000 | 368,000 | 259,000 | 582,000 | 589,000 | 601,000 | 656,000 | 664,000 | 652,000 | 642,000 | 667,000 |
| Revenue (ttm) | US$ in thousands | 8,160,000 | 8,226,000 | 8,216,000 | 8,191,000 | 7,946,000 | 7,714,000 | 7,454,000 | 7,187,000 | 6,909,000 | 6,747,000 | 6,486,000 | 6,058,000 | 5,987,000 | 5,943,000 | 5,898,000 | 5,983,000 | 5,860,000 | 5,737,000 | 5,730,000 | 5,792,000 |
| Operating profit margin | 11.73% | 11.09% | 10.72% | 10.29% | 9.59% | 8.96% | 9.14% | 9.60% | 4.49% | 5.74% | 5.67% | 4.28% | 9.72% | 9.91% | 10.19% | 10.96% | 11.33% | 11.36% | 11.20% | 11.52% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $957,000K ÷ $8,160,000K
= 11.73%
Ingredion Inc's operating profit margin has shown a generally increasing trend over the past eight quarters, indicating a positive performance in generating profits from its core business activities. The company's operating profit margin has steadily improved from 9.20% in Q2 2022 to 11.76% in Q4 2023. This demonstrates effective cost management and operational efficiency, resulting in higher profitability per dollar of sales. The consistent growth in operating profit margin suggests that Ingredion Inc has been successful in enhancing its operational effectiveness and controlling costs, which is a positive sign for investors and stakeholders. It is important for the company to sustain or further improve its margin to strengthen its financial performance and competitive position in the industry.
Peer comparison
Dec 31, 2023