Kontoor Brands Inc (KTB)

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
Operating income (ttm)	US$ in thousands	319,269	328,461	318,045	343,393	356,665	340,678	351,592	298,024	282,979	277,262	274,146	217,174	123,834	119,452	67,616	142,931
Revenue (ttm)	US$ in thousands	2,589,611	2,647,350	2,600,927	2,599,919	2,604,516	2,540,463	2,588,165	2,465,948	2,434,204	2,469,159	2,394,349	2,247,901	2,097,839	2,049,753	2,117,336	2,390,409
Operating profit margin		12.33%	12.41%	12.23%	13.21%	13.69%	13.41%	13.58%	12.09%	11.63%	11.23%	11.45%	9.66%	5.90%	5.83%	3.19%	5.98%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $319,269K ÷ $2,589,611K
= 12.33%

Kontoor Brands Inc's operating profit margin has shown some fluctuation over the past several quarters. The operating profit margin measures the company's efficiency in generating profit from its core business operations.

In the most recent quarter at December 31, 2023, the operating profit margin was 12.33%, which indicates that the company was able to convert 12.33% of its revenue into operating profits. This figure is relatively stable compared to the previous quarter at September 30, 2023, where the operating profit margin was 12.41%.

Looking back over the past year, there has been some variability in the operating profit margin, ranging from a low of 3.19% at March 31, 2020 to a high of 13.69% at December 31, 2022. Generally, the operating profit margin has shown an upward trend since the low point in March 2020, indicating improvements in the company's profitability.

It is important for investors and stakeholders to continue monitoring Kontoor Brands Inc's operating profit margin to assess the company's operational efficiency and profitability over time. fluctuations in this metric may indicate changes in the company's cost structure, pricing strategies, or overall business performance.