Matthews International Corporation (MATW)
Operating profit margin
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -12,323 | 63,771 | 78,593 | 80,316 | 88,117 | -11,242 | -21,803 | -37,488 | -43,937 | 36,525 | 34,834 | 42,440 | 42,034 | 55,218 | 51,192 | -48,877 | -64,193 | -144,612 | -120,167 | -10,806 |
| Revenue (ttm) | US$ in thousands | 1,795,737 | 1,829,210 | 1,873,285 | 1,881,642 | 1,880,896 | 1,857,855 | 1,807,666 | 1,773,064 | 1,762,403 | 1,744,115 | 1,750,776 | 1,722,952 | 1,671,030 | 1,631,331 | 1,562,373 | 1,520,019 | 1,498,306 | 1,491,571 | 1,511,443 | 1,528,043 |
| Operating profit margin | -0.69% | 3.49% | 4.20% | 4.27% | 4.68% | -0.61% | -1.21% | -2.11% | -2.49% | 2.09% | 1.99% | 2.46% | 2.52% | 3.38% | 3.28% | -3.22% | -4.28% | -9.70% | -7.95% | -0.71% |
September 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-12,323K ÷ $1,795,737K
= -0.69%
The operating profit margin of Matthews International Corporation has shown fluctuations over the past few quarters. Despite some variability, the trend indicates an improvement in profitability from the negative margins recorded in the past to positive margins in recent quarters. Specifically, the operating profit margin ranged from a low of -9.70% in March 2020 to a high of 4.68% in September 2023.
It is worth noting that the company has managed to stay above negative margins since September 2023, indicating some level of operational efficiency and cost control. However, the most recent recorded margin of -0.69% in September 2024 suggests a slight decline in profitability compared to the previous quarter.
Overall, the company's operating profit margin performance indicates a mix of challenges and improvements in recent periods, highlighting the need for continuous monitoring and strategic decision-making to maintain and enhance profitability levels.