Mattel Inc (MAT)
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 | 561,659 | 500,592 | 418,106 | 480,411 | 675,515 | 853,995 | 851,697 | 775,757 | 729,561 | 660,170 | 650,597 | 553,379 | 369,698 | 249,193 | 19,779 | 16,441 | 39,240 | 77,251 | 49,038 | -84,779 |
| Revenue (ttm) | US$ in thousands | 5,304,061 | 5,051,601 | 4,877,681 | 5,012,191 | 5,229,410 | 5,657,040 | 5,646,910 | 5,452,890 | 5,094,018 | 4,905,228 | 4,774,438 | 4,465,397 | 4,366,480 | 4,271,190 | 4,130,860 | 4,267,729 | 4,360,098 | 4,410,678 | 4,359,988 | 4,329,823 |
| Operating profit margin | 10.59% | 9.91% | 8.57% | 9.58% | 12.92% | 15.10% | 15.08% | 14.23% | 14.32% | 13.46% | 13.63% | 12.39% | 8.47% | 5.83% | 0.48% | 0.39% | 0.90% | 1.75% | 1.12% | -1.96% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $561,659K ÷ $5,304,061K
= 10.59%
The operating profit margin of Mattel Inc has shown fluctuations over the past several quarters. The margin peaked at 15.10% in September 2022 but has since shown a downward trend, dropping to 10.59% in December 2023. The margin remained relatively stable around the 13-14% range in the quarters prior to September 2022.
A lower operating profit margin indicates that the company's profitability from core operations has decreased compared to revenue. It is worth noting the significant decline in the margin from the negative 1.96% in March 2019 to the recent levels. This suggests potential challenges in controlling operating expenses or generating higher revenues relative to costs.
Analyzing the operating profit margin can help investors and stakeholders assess Mattel Inc's operational efficiency and profitability over time. Management should closely monitor the margin and take appropriate actions to enhance operational efficiency and sustain profitability levels.