Inari Medical Inc (NARI)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -14,032 | -10,626 | -22,537 | -30,355 | -28,099 | -20,462 | -13,391 | 49 | 10,844 | 16,094 | 26,011 | 21,296 |
| Revenue (ttm) | US$ in thousands | 493,364 | 469,933 | 439,579 | 413,142 | 382,874 | 346,212 | 335,938 | 306,140 | 276,785 | 257,782 | 209,685 | 171,036 |
| Operating profit margin | -2.84% | -2.26% | -5.13% | -7.35% | -7.34% | -5.91% | -3.99% | 0.02% | 3.92% | 6.24% | 12.40% | 12.45% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-14,032K ÷ $493,364K
= -2.84%
Inari Medical Inc's operating profit margin has shown some fluctuations over the past eight quarters. The trend indicates that there have been negative operating profit margins in most quarters, with the lowest margin being -7.35% in Q1 2023. This suggests that, on average, the company is experiencing challenges in generating profits from its core operations. It is worth noting that there was a slight improvement in operating profit margin from Q1 2022 to Q2 2022, where the margin increased from 0.02% to -3.99%. However, this improvement was short-lived as the margin deteriorated in subsequent quarters. Overall, the consistent presence of negative operating profit margins indicates that Inari Medical Inc may need to closely evaluate and enhance its operational efficiency and cost management strategies to improve its profitability.
Peer comparison
Dec 31, 2023