MACOM Technology Solutions Holdings Inc (MTSI)

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	73,667	61,740	59,330	79,827	107,400	128,824	147,521	144,188	132,674	121,924	109,595	95,996	81,001	67,405	50,231	25,990	3,388	-21,292	-351,565	-376,507
Revenue (ttm)	US$ in thousands	729,578	679,243	637,279	625,451	648,407	676,175	699,912	695,653	675,169	652,237	632,600	618,036	606,920	598,958	583,603	559,444	530,037	495,036	466,075	468,116
Operating profit margin		10.10%	9.09%	9.31%	12.76%	16.56%	19.05%	21.08%	20.73%	19.65%	18.69%	17.32%	15.53%	13.35%	11.25%	8.61%	4.65%	0.64%	-4.30%	-75.43%	-80.43%

September 30, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $73,667K ÷ $729,578K
= 10.10%

MACOM Technology Solutions Holdings Inc's operating profit margin has shown fluctuating trends over the past few quarters. The operating profit margin ranged from a low of -80.43% in March 2020 to a high of 21.08% in March 2023.

In recent quarters, there appears to have been a general trend of decline in the operating profit margin, with the margin decreasing from 10.10% in September 2024 to 9.09% in June 2024 and further to 9.31% in March 2024. This might suggest potential challenges in managing operating expenses relative to revenue, impacting profitability.

It is worth noting that the operating profit margin had experienced significant improvement from negative margins in 2019 and early 2020 to positive margins in subsequent quarters. However, the recent decreasing trend should be closely monitored to assess the company's ability to effectively control costs and enhance operational efficiency in the future.