NewJersey Resources Corporation (NJR)

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	458,104	376,270	375,068	370,030	407,000	423,613	448,688	422,379	406,475	328,687	271,422	333,755	288,350	325,094	335,703	232,978	226,116	178,464	191,292	169,810
Revenue (ttm)	US$ in thousands	2,294,073	2,234,507	2,186,229	2,192,587	2,674,367	3,468,262	4,014,136	4,540,009	4,515,989	4,164,967	3,884,509	3,766,679	3,389,416	3,981,548	3,708,295	3,052,065	2,991,428	1,955,697	2,090,606	2,344,402
Operating profit margin		19.97%	16.84%	17.16%	16.88%	15.22%	12.21%	11.18%	9.30%	9.00%	7.89%	6.99%	8.86%	8.51%	8.17%	9.05%	7.63%	7.56%	9.13%	9.15%	7.24%

September 30, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $458,104K ÷ $2,294,073K
= 19.97%

The operating profit margin of New Jersey Resources Corporation has shown a positive trend over the past few quarters, indicating an improvement in the company's operational efficiency and profitability. The margin has increased from 7.24% in Q4 2019 to 19.97% in Q3 2024, reaching its peak in the latest quarter.

This upward trend suggests that the company has been effectively managing its operating expenses and generating higher profits from its core business activities. The consistent improvement in the operating profit margin reflects the company's ability to control costs and optimize resources to enhance overall profitability.

Overall, the rising operating profit margin of New Jersey Resources Corporation points towards a positive financial performance and a strong operational foundation for the company.