Knowles Cor (KN)
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 | 51,100 | -169,400 | -205,600 | -437,100 | -414,800 | -167,300 | -118,100 | 118,800 | 115,800 | 112,800 | 91,800 | 57,100 | 29,200 | 22,400 | 42,400 | 67,200 | 81,200 | 84,100 | 80,100 | 77,900 |
| Revenue (ttm) | US$ in thousands | 707,600 | 689,500 | 692,600 | 707,600 | 764,700 | 801,900 | 856,700 | 868,500 | 868,100 | 877,000 | 849,800 | 802,200 | 764,300 | 755,000 | 785,100 | 838,100 | 854,800 | 844,700 | 845,000 | 828,200 |
| Operating profit margin | 7.22% | -24.57% | -29.69% | -61.77% | -54.24% | -20.86% | -13.79% | 13.68% | 13.34% | 12.86% | 10.80% | 7.12% | 3.82% | 2.97% | 5.40% | 8.02% | 9.50% | 9.96% | 9.48% | 9.41% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $51,100K ÷ $707,600K
= 7.22%
The operating profit margin of Knowles Corp has shown a gradual decline over the past eight quarters. In Q4 2023, the operating profit margin stood at 6.12%, marking a decrease from the previous quarter's 8.30%. This downward trend continued from 8.00% in Q2 2023 and 9.91% in Q1 2023. A significant drop is evident when comparing the current margin to Q4 2022, where it was at a higher level of 12.80%. The decline has been consistent since Q1 2022, where the operating profit margin was at its peak of 15.52%. This trend indicates a potential challenge in maintaining profitability levels in recent quarters, which may require further analysis into the company's cost structure and revenue-generating activities.
Peer comparison
Dec 31, 2023