LCI Industries (LCII)

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	123,428	97,770	139,755	303,370	553,028	690,038	691,487	566,680	398,410	347,890	353,299	280,099	222,934	197,126	151,846	196,721	200,210	192,092	188,292	186,723
Revenue (ttm)	US$ in thousands	3,784,809	3,841,611	4,014,376	4,535,886	5,207,146	5,526,210	5,559,440	5,117,010	4,472,700	4,042,292	3,704,711	3,136,756	2,796,166	2,577,185	2,335,677	2,438,980	2,371,482	2,344,077	2,362,100	2,417,487
Operating profit margin		3.26%	2.55%	3.48%	6.69%	10.62%	12.49%	12.44%	11.07%	8.91%	8.61%	9.54%	8.93%	7.97%	7.65%	6.50%	8.07%	8.44%	8.19%	7.97%	7.72%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $123,428K ÷ $3,784,809K
= 3.26%

The operating profit margin for LCI Industries has shown a declining trend over the past few quarters. In Q4 2023, the operating profit margin was 3.26%, which was lower than the previous quarter (Q3 2023) at 2.55%. This decline continued from Q2 2023 where the margin was 3.48%.

Comparing these recent quarters to the same period a year ago, there has been a significant decrease in operating profit margin. In Q4 2022, the operating profit margin was at 10.62%, which was much higher than the current levels.

Overall, the decreasing trend in operating profit margin over the quarters indicates potential challenges in controlling costs or generating sufficient revenues to maintain profitability. Further analysis of the company's cost structure and revenue generation strategies may be necessary to address this decline in operating profit margin.