Myers Industries Inc (MYE)
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 | ||
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Operating income (ttm) | US$ in thousands | 72,405 | 70,824 | 72,018 | 78,493 | 83,941 | 77,669 | 69,589 | 62,841 | 49,301 | 43,407 | 44,730 | 41,117 | 53,550 | 57,500 | 52,420 | 50,346 | 37,266 | 35,493 | 1,594 | 4,523 |
Revenue (ttm) | US$ in thousands | 813,105 | 834,363 | 864,613 | 889,454 | 899,773 | 887,215 | 859,353 | 814,341 | 762,817 | 700,469 | 632,519 | 562,548 | 510,376 | 489,727 | 482,938 | 498,884 | 515,785 | 537,355 | 546,887 | 553,041 |
Operating profit margin | 8.90% | 8.49% | 8.33% | 8.82% | 9.33% | 8.75% | 8.10% | 7.72% | 6.46% | 6.20% | 7.07% | 7.31% | 10.49% | 11.74% | 10.85% | 10.09% | 7.23% | 6.61% | 0.29% | 0.82% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $72,405K ÷ $813,105K
= 8.90%
To analyze Myers Industries Inc.'s operating profit margin, we observe a variation in the margin over the past eight quarters. In Q4 2022, the operating profit margin was at the highest point at 9.32%, showing a positive trend. However, in subsequent quarters, there was a slight decrease in the margin, reaching 8.88% in Q4 2023.
Throughout the quarters, the operating profit margin has been generally above 8%, indicating healthy profitability in the operations of Myers Industries Inc. The margins peaked in Q4 2022 and have since fluctuated slightly but remained relatively stable above 8%.
It is essential for investors and stakeholders to continue monitoring the operating profit margin trend to assess the company's operational efficiency and profitability over time amidst changing market conditions.
Peer comparison
Dec 31, 2023