LeMaitre Vascular Inc (LMAT)

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	36,712	33,473	30,443	26,775	26,829	28,163	31,086	36,408	36,425	37,669	38,614	32,380	28,788	24,171	20,058	21,101	21,183	23,448	22,156	27,782
Revenue (ttm)	US$ in thousands	289,940	282,011	312,579	295,977	281,639	280,188	278,441	275,316	267,547	265,592	262,196	231,031	220,642	213,264	198,609	208,001	203,956	202,175	168,273	142,095
Operating profit margin		12.66%	11.87%	9.74%	9.05%	9.53%	10.05%	11.16%	13.22%	13.61%	14.18%	14.73%	14.02%	13.05%	11.33%	10.10%	10.14%	10.39%	11.60%	13.17%	19.55%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $36,712K ÷ $289,940K
= 12.66%

The operating profit margin of Lemaitre Vascular Inc has shown a gradual decline over the past four quarters, from 23.03% in Q1 2022 to 19.22% in Q4 2023. This downward trend indicates a decrease in the company's ability to generate profit from its core operations relative to revenue. Despite fluctuations between quarters, the operating profit margin has generally remained at healthy levels above 17.46% throughout the analyzed period. It is important for the company to monitor this metric closely to ensure operational efficiency and profitability are maintained over time.