Kelly Services A Inc (KELYA)

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	24,300	21,600	100	2,100	14,800	25,500	55,900	61,400	48,600	42,800	31,400	28,800	-93,600	-90,000	-70,500	-46,800	81,800	101,800	106,600	92,200
Revenue (ttm)	US$ in thousands	4,835,500	3,861,600	3,911,600	2,700,700	1,433,300	2,422,100	2,449,600	3,702,000	4,906,200	4,897,300	4,739,800	4,458,800	4,516,300	4,613,700	4,843,900	5,235,600	5,355,600	5,432,500	5,507,200	5,526,600
Operating profit margin		0.50%	0.56%	0.00%	0.08%	1.03%	1.05%	2.28%	1.66%	0.99%	0.87%	0.66%	0.65%	-2.07%	-1.95%	-1.46%	-0.89%	1.53%	1.87%	1.94%	1.67%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $24,300K ÷ $4,835,500K
= 0.50%

Kelly Services, Inc.'s operating profit margin has shown a declining trend over the past eight quarters. The company's operating profit margin decreased from 1.38% in Q4 2022 to 0.55% in Q4 2023. This indicates that the company's profitability from its core operations has weakened over this time period. The highest operating profit margin was recorded in Q2 2023 at 0.86%, but it has steadily decreased since then.

The declining operating profit margin may raise concerns about the company's ability to effectively manage costs and generate profits from its operations. Investors and stakeholders may closely monitor the company's strategies to improve operating efficiency and enhance profitability in the future. It will be essential for Kelly Services, Inc. to carefully evaluate its operational performance and implement measures to reverse this downward trend in operating profit margin.