Liquidity Services Inc (LQDT)

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	23,027	26,107	29,473	39,913	47,650	47,406	44,471	34,370	27,025	27,168	24,205	15,809	5,719	-3,897	-14,631	-19,390	-19,423	-19,508	-20,412	-19,075
Revenue (ttm)	US$ in thousands	317,224	317,482	311,747	299,959	286,259	280,398	275,343	275,513	269,007	258,140	243,702	221,755	213,011	206,885	209,785	219,114	223,264	227,760	221,675	214,955
Operating profit margin		7.26%	8.22%	9.45%	13.31%	16.65%	16.91%	16.15%	12.47%	10.05%	10.52%	9.93%	7.13%	2.68%	-1.88%	-6.97%	-8.85%	-8.70%	-8.57%	-9.21%	-8.87%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $23,027K ÷ $317,224K
= 7.26%

The operating profit margin of Liquidity Services Inc has exhibited some variability over the past eight quarters. It has ranged from a low of 7.34% in Q1 2024 to a high of 9.94% in Q2 2022. The trend shows a decline in the operating profit margin from Q2 2022 to Q1 2024, indicating a decrease in the company's ability to generate profit from its core operations. Despite some fluctuations, the operating profit margin has generally remained above 7% over the period analyzed, suggesting a relatively healthy profitability level. Further analysis should be conducted to understand the factors driving the fluctuations in the operating profit margin and assess the company's operational efficiency and cost management strategies.