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
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.