Innospec Inc (IOSP)

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	161,600	163,700	171,900	184,000	187,300	176,200	157,500	148,200	132,100	126,000	111,400	21,000	33,700	48,100	69,500	154,600	149,900	149,000	144,200	140,800
Revenue (ttm)	US$ in thousands	1,948,800	1,964,800	2,013,700	2,000,900	1,963,700	1,866,200	1,729,300	1,616,200	1,483,400	1,380,200	1,269,200	1,159,600	1,192,200	1,272,800	1,379,600	1,497,100	1,513,000	1,511,400	1,502,600	1,498,300
Operating profit margin		8.29%	8.33%	8.54%	9.20%	9.54%	9.44%	9.11%	9.17%	8.91%	9.13%	8.78%	1.81%	2.83%	3.78%	5.04%	10.33%	9.91%	9.86%	9.60%	9.40%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $161,600K ÷ $1,948,800K
= 8.29%

Innospec Inc's operating profit margin has shown a fluctuating trend over the past eight quarters, ranging from a low of 8.29% in Q4 2023 to a high of 9.54% in Q4 2022. The company's operating profit margin has generally remained above 8% during this period, indicating a consistent level of profitability in its operations. However, there was a slight decline in the operating profit margin from Q1 2023 to Q4 2023, suggesting potential challenges or cost pressures impacting profitability in the most recent quarter. Overall, management should closely monitor the factors influencing the operating profit margin to ensure sustainable profitability levels in the future.