Oceaneering International Inc (OII)

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	181,328	176,055	165,001	138,652	110,863	56,114	25,008	24,977	39,799	52,851	-23,538	-51,539	-446,079	-700,729	-645,303	-649,756	-290,713	-133,687	-130,045	-140,047
Revenue (ttm)	US$ in thousands	2,424,706	2,306,300	2,230,791	2,156,912	2,066,084	1,996,570	1,903,713	1,877,881	1,869,275	1,826,828	1,799,757	1,728,774	1,827,889	1,964,437	2,022,341	2,090,906	2,048,124	1,982,409	2,004,062	1,986,955
Operating profit margin		7.48%	7.63%	7.40%	6.43%	5.37%	2.81%	1.31%	1.33%	2.13%	2.89%	-1.31%	-2.98%	-24.40%	-35.67%	-31.91%	-31.08%	-14.19%	-6.74%	-6.49%	-7.05%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $181,328K ÷ $2,424,706K
= 7.48%

Oceaneering International, Inc.'s operating profit margin has shown an upward trend over the past eight quarters, indicating improved efficiency in generating profits from its core operations. The company's operating profit margin started at 1.33% in Q1 2022 and has since steadily increased to 7.48% in Q4 2023. This demonstrates a positive trend in the company's ability to control costs and manage its operating expenses effectively.

The trend suggests that Oceaneering International, Inc. has been able to enhance its profitability through improved operational performance, possibly by streamlining processes, optimizing resource allocation, or increasing productivity. The company's ability to consistently expand its operating profit margin signifies a competitive advantage in its industry and reflects positively on its financial management practices.

Overall, the increasing operating profit margin of Oceaneering International, Inc. indicates a strengthening financial position and operational efficiency, which could contribute to sustained growth and improved profitability in the future. However, it is essential for investors and stakeholders to continue monitoring this metric along with other financial indicators to assess the company's overall performance and competitiveness.