PBF Energy Inc (PBF)

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	2,951,500	3,954,300	4,277,200	4,594,600	4,153,200	3,488,700	2,189,600	630,500	597,200	-22,000	-465,600	7,700	-1,416,800	-965,700	-471,100	-1,082,400	649,000	79,800	214,200	627,000
Revenue (ttm)	US$ in thousands	38,256,600	39,942,800	41,879,800	46,732,000	46,517,300	43,892,800	38,415,600	31,236,900	27,018,800	22,417,400	18,848,000	14,952,300	15,313,300	17,992,600	20,860,300	24,498,100	24,508,200	24,531,380	25,714,640	26,599,520
Operating profit margin		7.72%	9.90%	10.21%	9.83%	8.93%	7.95%	5.70%	2.02%	2.21%	-0.10%	-2.47%	0.05%	-9.25%	-5.37%	-2.26%	-4.42%	2.65%	0.33%	0.83%	2.36%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,951,500K ÷ $38,256,600K
= 7.72%

The operating profit margin of PBF Energy Inc has exhibited some fluctuation over the recent quarters. In Q4 2023, the operating profit margin decreased to 5.16% from 7.30% in Q3 2023. Prior to this decline, the company saw a gradual improvement in its operating profit margin from Q2 2022 to Q3 2023, with a peak of 9.74% in Q1 2023.

Although the Q4 2023 operating profit margin is lower compared to the previous quarter, it is still higher than the margins reported in Q2 and Q3 2022. This indicates that the company may be facing some challenges in maintaining its profitability, but it has performed better in Q4 2023 compared to the same period in the previous year.

Overall, PBF Energy Inc's operating profit margin has shown some variability, and monitoring future trends will be crucial to assess the company's operational efficiency and profitability.