Innoviva Inc (INVA)

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	17,352	-158,661	104,766	182,699	248,151	264,446	106,992	120,978	122,732	355,363	345,240	324,491	321,123	309,975	286,338	270,307	246,360	249,941	246,809	249,724
Revenue (ttm)	US$ in thousands	291,306	265,493	264,791	292,746	287,188	335,952	366,863	358,359	372,796	355,782	346,801	325,125	318,463	308,609	285,580	270,641	247,045	250,932	246,312	253,952
Operating profit margin		5.96%	-59.76%	39.57%	62.41%	86.41%	78.72%	29.16%	33.76%	32.92%	99.88%	99.55%	99.80%	100.84%	100.44%	100.27%	99.88%	99.72%	99.61%	100.20%	98.34%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $17,352K ÷ $291,306K
= 5.96%

Innoviva Inc's operating profit margin has shown fluctuations over the past eight quarters. In the most recent quarter of Q4 2023, the operating profit margin was 68.63%, indicating that the company generated a higher percentage of profits from its core operations compared to the previous quarter. However, this figure is lower than the peaks seen in Q2 and Q1 2022 at 88.99% and 94.18% respectively. The trend over the past year suggests some variability in the company's ability to control costs and generate profits from its day-to-day business activities. Further analysis is needed to understand the factors driving these fluctuations and the potential impact on the company's overall financial health.