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.