KAR Auction Services Inc (KAR)

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	-5,200	25,100	8,600	225,400	173,700	119,100	98,300	109,400	127,500	108,300	165,500	127,400	136,400	184,100	183,400	278,700	314,100	322,700	322,600	333,200
Revenue (ttm)	US$ in thousands	1,645,100	1,626,600	1,603,300	1,570,600	1,519,400	1,504,300	1,458,400	1,450,200	1,450,600	1,622,500	1,869,000	1,912,000	2,187,700	2,329,400	2,437,700	2,737,800	2,781,900	2,704,400	2,614,900	2,519,200
Operating profit margin		-0.32%	1.54%	0.54%	14.35%	11.43%	7.92%	6.74%	7.54%	8.79%	6.67%	8.86%	6.66%	6.23%	7.90%	7.52%	10.18%	11.29%	11.93%	12.34%	13.23%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-5,200K ÷ $1,645,100K
= -0.32%

The operating profit margin of Openlane Inc. has shown a consistent increasing trend over the eight quarters presented. In Q4 2023, the operating profit margin reached its highest point at 14.93%, reflecting an improvement from the previous quarter. This indicates that the company is managing its operating expenses effectively and generating a higher percentage of profit from its core business operations.

Comparing Q4 2023 to Q4 2022, there has been a significant increase in the operating profit margin from 9.20% to 14.93%, showcasing a substantial improvement in profitability over the year. This positive trend suggests that Openlane Inc. has been able to enhance its operational efficiency and optimize its financial performance.

Overall, the increasing operating profit margin of Openlane Inc. over the quarters highlights the company's ability to generate more profit from each dollar of sales, indicating a healthier financial position and improved profitability. This trend is a positive indicator for investors and stakeholders, showcasing the company's sustainability and potential for future growth.