Intuitive Surgical Inc (ISRG)

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	1,766,800	1,689,100	1,622,200	1,556,600	1,577,100	1,655,000	1,698,700	1,812,300	1,821,000	1,786,400	1,614,200	1,183,600	1,049,800	1,031,600	1,126,900	1,405,300	1,374,500	1,308,900	1,256,500	1,174,900
Revenue (ttm)	US$ in thousands	7,616,100	7,306,600	7,073,300	6,797,300	6,548,300	6,326,000	6,171,000	6,121,000	5,900,400	5,678,800	5,338,700	4,705,300	4,491,300	4,439,900	4,466,200	4,687,300	4,531,000	4,299,800	4,065,100	3,850,400
Operating profit margin		23.20%	23.12%	22.93%	22.90%	24.08%	26.16%	27.53%	29.61%	30.86%	31.46%	30.24%	25.15%	23.37%	23.23%	25.23%	29.98%	30.34%	30.44%	30.91%	30.51%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,766,800K ÷ $7,616,100K
= 23.20%

Intuitive Surgical Inc's operating profit margin has shown a gradual decline over the past eight quarters, from a high of 30.69% in Q1 2022 to 24.80% in Q4 2023. The decreasing trend indicates a potential decrease in the company's operating efficiency and profitability. Despite the fluctuations, the company has maintained a relatively healthy operating profit margin above 24% throughout the period, indicating solid operational performance. Further analysis of the company's cost structure, revenue generation, and strategic decisions may help understand the factors influencing the operating profit margin trend.