Light & Wonder Inc (LNW)

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	518,000	460,000	402,000	335,000	273,000	179,000	124,000	146,000	110,000	96,000	32,000	-92,000	-128,000	-222,000	-49,000	135,000	290,000	715,200	367,200	338,200
Revenue (ttm)	US$ in thousands	2,559,000	2,515,000	2,782,000	2,545,000	2,403,000	2,721,000	2,166,000	2,415,000	2,454,000	2,354,000	2,413,000	2,057,000	2,032,000	2,455,000	2,744,000	3,186,000	3,440,000	3,422,700	3,388,700	3,388,700
Operating profit margin		20.24%	18.29%	14.45%	13.16%	11.36%	6.58%	5.72%	6.05%	4.48%	4.08%	1.33%	-4.47%	-6.30%	-9.04%	-1.79%	4.24%	8.43%	20.90%	10.84%	9.98%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $518,000K ÷ $2,559,000K
= 20.24%

The operating profit margin of Light & Wonder Inc has shown a generally positive trend over the past eight quarters, with consistent improvement in profitability. From Q1 2022 to Q4 2023, the operating profit margin has increased from 12.58% to 21.02%, indicating that the company has been able to effectively control its operating expenses and generate higher profits from its core business activities. This upward trend reflects positively on the company's operational efficiency and ability to enhance profitability over time. Moreover, the steady growth in operating profit margin suggests that Light & Wonder Inc has been successful in managing costs and optimizing its revenue streams, leading to improved financial performance. Overall, the increasing trend in operating profit margin indicates a positive trajectory for the company's profitability and financial health.