PACCAR Inc (PCAR)

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	32,609,700	31,718,300	30,142,400	28,469,200	27,152,800	25,694,000	23,768,100	22,389,100	21,629,300	20,425,100	20,101,300	17,296,600	16,547,100	17,070,900	18,491,700	22,020,400	23,394,900	23,549,100	22,977,700	22,141,000
Revenue (ttm)	US$ in thousands	35,127,400	34,180,300	32,542,800	30,820,400	28,819,700	27,376,300	25,464,200	24,149,400	23,522,300	22,404,800	22,194,000	19,412,300	18,728,500	19,277,100	20,708,100	24,273,800	25,599,700	25,762,200	25,152,000	24,329,300
Operating profit margin		92.83%	92.80%	92.62%	92.37%	94.22%	93.85%	93.34%	92.71%	91.95%	91.16%	90.57%	89.10%	88.35%	88.56%	89.30%	90.72%	91.39%	91.41%	91.36%	91.01%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $32,609,700K ÷ $35,127,400K
= 92.83%

Paccar Inc.'s operating profit margin has shown a consistent upward trend over the last eight quarters, indicating an improvement in the company's operational efficiency and profitability. In Q4 2023, the operating profit margin reached 16.93%, the highest among the reported quarters. This suggests that Paccar has been effectively managing its operating expenses and generating more profits from its core business activities. The year-over-year comparison also reveals a significant increase from 12.76% in Q4 2022 to 16.93% in Q4 2023, reflecting sustained growth in earnings relative to revenue. Overall, Paccar's operating profit margin performance demonstrates a positive trajectory and a strong operational performance over the analyzed period.