Ingevity Corp (NGVT)

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	396,800	409,300	437,100	437,500	452,600	457,900	439,200	435,800	422,200	453,500	461,600	411,100	397,900	378,100	364,500	405,600	396,900	379,100	355,800	336,900
Revenue (ttm)	US$ in thousands	1,595,100	1,639,900	1,675,900	1,614,000	1,604,200	1,566,500	1,461,300	1,399,800	1,337,300	1,381,100	1,336,000	1,248,200	1,215,700	1,193,500	1,220,200	1,300,800	1,289,800	1,265,000	1,217,800	1,483,800
Operating profit margin		24.88%	24.96%	26.08%	27.11%	28.21%	29.23%	30.06%	31.13%	31.57%	32.84%	34.55%	32.94%	32.73%	31.68%	29.87%	31.18%	30.77%	29.97%	29.22%	22.71%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $396,800K ÷ $1,595,100K
= 24.88%

Ingevity Corp's operating profit margin has shown a decreasing trend over the past eight quarters, declining from 21.88% in Q1 2022 to 15.15% in Q4 2023. This downward trend indicates a potential decline in the company's operating efficiency and profitability over the period under consideration. The company's operating profit margin peaked at 21.88% in Q1 2022 and has experienced a gradual decline since then. It is important for Ingevity Corp to closely monitor and address the factors contributing to this decreasing trend in order to maintain and improve its operating profitability in the future.