IPG Photonics Corporation (IPGP)

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	231,973	114,715	152,171	151,783	169,500	342,783	351,607	372,184	367,883	348,321	287,748	242,705	198,659	133,661	166,393	210,274	233,793	329,602	379,320	450,621
Revenue (ttm)	US$ in thousands	1,287,439	1,322,085	1,369,690	1,406,742	1,429,547	1,460,475	1,490,619	1,485,254	1,460,860	1,433,023	1,372,314	1,297,067	1,200,724	1,170,721	1,181,418	1,248,776	1,314,581	1,338,004	1,365,212	1,415,056
Operating profit margin		18.02%	8.68%	11.11%	10.79%	11.86%	23.47%	23.59%	25.06%	25.18%	24.31%	20.97%	18.71%	16.54%	11.42%	14.08%	16.84%	17.78%	24.63%	27.78%	31.84%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $231,973K ÷ $1,287,439K
= 18.02%

IPG Photonics Corp's operating profit margin has shown some variability over the past eight quarters. In Q4 2023, the operating profit margin was 17.99%, representing an increase compared to the previous quarter. However, it is worth noting that Q4 2023's operating profit margin is lower than some earlier quarters, such as Q3 and Q2 2022, where the margins were 22.33% and 23.66% respectively.

Overall, the trend in the operating profit margin has shown fluctuations, with some quarters exhibiting higher margins than others. It is essential for IPG Photonics Corp to assess the factors driving these fluctuations in operating profit margin to ensure sustainable and profitable operations in the long term.