LKQ Corporation (LKQ)
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 | 1,357,000 | 1,373,000 | 1,423,000 | 1,575,000 | 1,581,000 | 1,568,000 | 1,588,000 | 1,474,000 | 1,474,000 | 1,461,696 | 1,379,698 | 1,115,151 | 986,000 | 925,072 | 860,434 | 916,092 | 896,643 | 854,021 | 857,390 | 878,073 |
| Revenue (ttm) | US$ in thousands | 13,866,000 | 13,366,000 | 12,902,000 | 12,795,000 | 12,794,000 | 12,979,000 | 13,172,000 | 13,266,000 | 13,089,000 | 12,857,060 | 12,607,740 | 11,799,060 | 11,629,000 | 11,684,800 | 11,784,890 | 12,406,740 | 12,506,100 | 12,499,020 | 12,473,630 | 12,256,210 |
| Operating profit margin | 9.79% | 10.27% | 11.03% | 12.31% | 12.36% | 12.08% | 12.06% | 11.11% | 11.26% | 11.37% | 10.94% | 9.45% | 8.48% | 7.92% | 7.30% | 7.38% | 7.17% | 6.83% | 6.87% | 7.16% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,357,000K ÷ $13,866,000K
= 9.79%
The operating profit margin of LKQ Corp has shown fluctuations over the past eight quarters. The margin has ranged from a low of 10.26% in Q4 2023 to a high of 11.34% in Q1 2023. Overall, the margins have been fairly consistent, hovering around the 11% mark, indicating that LKQ Corp has been able to effectively manage its operating expenses relative to its revenue during this period. It is noteworthy that the margin dipped slightly in the most recent quarter compared to the previous quarter. Further analysis would be needed to understand the factors contributing to these fluctuations and whether they are sustainable in the long term.