LyondellBasell Industries NV (LYB)

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	3,053,000	3,225,000	3,023,000	4,153,000	5,101,000	5,525,000	6,961,000	7,346,000	6,773,000	6,755,000	4,530,000	2,343,000	1,559,000	1,464,000	2,565,000	3,403,000	4,116,000	4,112,000	4,305,000	4,754,000
Revenue (ttm)	US$ in thousands	41,107,000	41,384,000	43,009,000	47,541,000	50,451,000	53,075,000	53,525,000	50,248,000	46,173,000	41,280,000	35,356,000	29,341,000	27,753,000	27,995,000	29,941,000	33,443,000	34,727,000	35,424,000	36,857,000	38,015,000
Operating profit margin		7.43%	7.79%	7.03%	8.74%	10.11%	10.41%	13.01%	14.62%	14.67%	16.36%	12.81%	7.99%	5.62%	5.23%	8.57%	10.18%	11.85%	11.61%	11.68%	12.51%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $3,053,000K ÷ $41,107,000K
= 7.43%

The operating profit margin for LyondellBasell Industries NV has shown a decreasing trend over the past eight quarters. In Q1 2022, the operating profit margin was at its highest point at 15.86%, gradually declining to 8.69% in Q4 2023. This downward trend may indicate challenges in controlling operating expenses relative to revenue generation during this period. It is essential for the company to closely monitor and potentially optimize its cost structure and operational efficiency to improve profitability going forward.