Manhattan Associates Inc (MANH)

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	209,881	195,721	179,043	165,813	152,700	135,138	140,776	142,880	134,333	135,387	127,955	115,290	114,061	110,933	110,954	111,844	115,924	125,131	126,230	134,333
Revenue (ttm)	US$ in thousands	932,473	886,637	846,297	807,205	766,825	740,588	711,672	685,862	663,650	639,619	620,191	589,707	587,495	593,342	605,860	624,571	617,562	608,999	589,075	576,605
Operating profit margin		22.51%	22.07%	21.16%	20.54%	19.91%	18.25%	19.78%	20.83%	20.24%	21.17%	20.63%	19.55%	19.41%	18.70%	18.31%	17.91%	18.77%	20.55%	21.43%	23.30%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $209,881K ÷ $932,473K
= 22.51%

The operating profit margin of Manhattan Associates, Inc. has shown a generally positive trend over the past eight quarters, indicating efficiency in managing operating expenses relative to revenue. The company's operating profit margin has been steadily increasing from 19.91% in Q4 2022 to 22.60% in Q4 2023, showcasing an improvement in profitability. This suggests that Manhattan Associates has been effectively controlling its operating costs and generating more profit from each dollar of sales. The consistent upward trajectory in operating profit margin reflects the company's ability to enhance operational efficiency and maintain a healthy financial performance.