Otis Worldwide Corp (OTIS)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 2,186,000 | 2,155,000 | 2,113,000 | 2,020,000 | 2,033,000 | 2,038,000 | 2,051,000 | 2,125,000 | 2,108,000 | 2,052,000 | 1,964,000 | 1,819,000 | 1,639,000 |
| Revenue (ttm) | US$ in thousands | 14,059,000 | 13,883,000 | 13,708,000 | 13,478,000 | 13,542,000 | 13,664,000 | 13,942,000 | 14,163,000 | 14,162,000 | 14,130,000 | 13,772,000 | 13,086,000 | 12,676,000 |
| Operating profit margin | 15.55% | 15.52% | 15.41% | 14.99% | 15.01% | 14.92% | 14.71% | 15.00% | 14.88% | 14.52% | 14.26% | 13.90% | 12.93% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,186,000K ÷ $14,059,000K
= 15.55%
Otis Worldwide Corp's operating profit margin has shown a relatively stable trend over the past eight quarters, ranging from 14.53% to 15.24%. The company has managed to maintain a healthy level of profitability in its operations, with the operating profit margin consistently hovering above 14% in each of the quarters analyzed. This indicates that Otis has been effective in controlling its operating expenses relative to its revenue generated.
The slight fluctuations in the operating profit margin over time may suggest varying economic conditions or operational efficiencies impacting the company's profitability. However, the overall trend indicates that Otis has been able to sustain a solid level of operating profit margin performance. It would be important for the company to continue monitoring and managing its operating expenses to ensure profitability in the future.
Peer comparison
Dec 31, 2023