OGE Energy Corporation (OGE)

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	650,200	645,900	632,700	642,900	649,500	638,900	605,800	578,700	544,200	545,400	518,600	514,500	522,200	510,000	526,300	510,900	504,300	492,000	445,000	472,700
Revenue (ttm)	US$ in thousands	2,674,300	2,819,500	3,144,900	3,343,600	3,375,700	3,245,100	2,838,700	2,612,400	3,653,700	3,557,800	3,395,500	3,321,600	2,122,300	2,109,400	2,162,700	2,172,900	2,231,600	2,270,900	2,214,300	2,267,600
Operating profit margin		24.31%	22.91%	20.12%	19.23%	19.24%	19.69%	21.34%	22.15%	14.89%	15.33%	15.27%	15.49%	24.61%	24.18%	24.34%	23.51%	22.60%	21.67%	20.10%	20.85%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $650,200K ÷ $2,674,300K
= 24.31%

Based on the data provided for Oge Energy Corp.'s operating profit margin over the past eight quarters, the company has exhibited a fluctuating trend in its profitability performance. The operating profit margin has ranged from a low of 19.23% in Q1 2023 to a high of 24.31% in Q4 2023. This variability suggests potential volatility in the company's operational efficiency and cost management during the analyzed period.

Overall, Oge Energy Corp.'s operating profit margin averaged at approximately 21.05% over the past eight quarters, showcasing a generally healthy level of profitability. However, the company experienced a decline in its margin in the first quarter of 2023 compared to the previous quarters, indicating potential challenges in maintaining consistent profitability levels.

It is recommended for Oge Energy Corp. to further evaluate the factors influencing fluctuations in its operating profit margin and implement strategic measures to sustain and potentially improve its profitability in the future. Regular monitoring and analysis of this key financial metric will be essential for the company to make informed decisions and drive long-term financial success.