Otter Tail Corporation (OTTR)

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	377,919	362,780	357,797	372,810	390,439	406,657	365,052	303,808	249,708	206,508	184,709	152,796	147,886	151,164	135,690	134,600	134,880	127,050	128,057	131,343
Revenue (ttm)	US$ in thousands	1,353,476	1,345,528	1,371,328	1,433,652	1,469,475	1,492,823	1,425,261	1,310,829	1,197,635	1,083,525	1,002,986	910,134	883,171	878,934	871,831	908,278	919,503	924,998	924,008	921,153
Operating profit margin		27.92%	26.96%	26.09%	26.00%	26.57%	27.24%	25.61%	23.18%	20.85%	19.06%	18.42%	16.79%	16.74%	17.20%	15.56%	14.82%	14.67%	13.74%	13.86%	14.26%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $377,919K ÷ $1,353,476K
= 27.92%

Otter Tail Corporation's operating profit margin fluctuated over the past eight quarters, with margins ranging from a low of 23.19% in Q1 2022 to a high of 28.01% in Q4 2023. The margins remained relatively stable in the range of 26-27% in the earlier quarters of 2022 and showed a slight upward trend in the most recent quarters of 2023. This indicates that the company has managed to maintain a healthy level of profitability relative to its revenues and operating costs. Further analysis and comparison with industry benchmarks would provide more insights into the efficiency and profitability of Otter Tail Corporation's operations.