Par Pacific Holdings Inc (PARR)
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 | 680,006 | 605,507 | 692,805 | 820,401 | 437,903 | 360,855 | 174,477 | -84,053 | -7,619 | -145,502 | -240,545 | -181,487 | -317,998 | -144,335 | -128,680 | -54,616 | 147,980 | 108,857 | 95,346 | 75,708 |
| Revenue (ttm) | US$ in thousands | 8,174,420 | 7,803,130 | 7,283,650 | 7,602,180 | 7,263,690 | 6,745,960 | 5,998,020 | 5,106,960 | 4,643,589 | 4,081,364 | 3,458,832 | 2,757,379 | 3,072,260 | 3,755,885 | 4,466,717 | 5,356,960 | 5,344,170 | 4,824,152 | 4,340,218 | 3,796,940 |
| Operating profit margin | 8.32% | 7.76% | 9.51% | 10.79% | 6.03% | 5.35% | 2.91% | -1.65% | -0.16% | -3.57% | -6.95% | -6.58% | -10.35% | -3.84% | -2.88% | -1.02% | 2.77% | 2.26% | 2.20% | 1.99% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $680,006K ÷ $8,174,420K
= 8.32%
The operating profit margin of Par Pacific Holdings Inc has shown fluctuations over the past 8 quarters. In Q1 2022, the company reported a negative operating profit margin of -1.59%, indicating a loss from its core operations. However, the company has since improved its operating performance, with a steady increase in the operating profit margin in the subsequent quarters, reaching a peak of 10.86% in Q1 2023.
The trend demonstrates a positive trajectory in the company's operational efficiency and profitability. The management may have implemented effective cost management strategies or revenue-enhancing initiatives to improve margins. However, the recent decline in Q4 2023 to 8.77% suggests a slight downturn in profitability compared to the previous quarter.
Overall, the company has shown improved operating profit margins over the quarters, indicating enhanced profitability from its core business activities. It will be essential for the company to closely monitor and manage its operational efficiency to sustain and potentially enhance its profitability in the future.
Peer comparison
Dec 31, 2023