Matson Inc (MATX)

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	342,800	360,100	563,300	959,700	1,353,600	1,736,500	1,779,100	1,499,900	1,187,500	829,700	550,200	387,500	280,300	188,000	144,800	124,600	129,100	134,200	137,600	152,600
Revenue (ttm)	US$ in thousands	3,081,800	3,095,300	3,380,000	3,866,100	4,326,500	4,790,200	4,746,900	4,359,700	3,903,500	3,335,600	2,908,600	2,555,100	2,355,900	2,195,800	2,122,200	2,158,100	2,180,600	2,206,100	2,225,200	2,225,500
Operating profit margin		11.12%	11.63%	16.67%	24.82%	31.29%	36.25%	37.48%	34.40%	30.42%	24.87%	18.92%	15.17%	11.90%	8.56%	6.82%	5.77%	5.92%	6.08%	6.18%	6.86%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $342,800K ÷ $3,081,800K
= 11.12%

The operating profit margin of Matson Inc has exhibited a fluctuating trend over the past eight quarters. In Q1 2022, the operating profit margin was at its lowest point of 32.40%, and it steadily increased over the following quarters, reaching its peak in Q4 2022 at 35.38%.

However, starting from Q1 2023, there was a significant decrease in the operating profit margin, dropping to 23.50%. Subsequently, the margin continued to decline throughout Q2 and Q3 2023, settling at 11.62% and 11.01% respectively.

This trend indicates a notable decrease in the company's profitability over recent quarters, reflecting potential challenges or changes in the company's operating environment. Further analysis of the drivers behind these fluctuations may provide insights into the company's operational performance and future prospects.