Public Service Enterprise Group Inc (PEG)

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	3,685,000	3,957,000	3,579,000	3,081,000	1,381,000	1,319,000	-1,059,000	-1,649,000	-856,000	-1,325,000	1,513,000	2,214,000	2,270,000	2,344,000	2,201,000	1,954,000	1,943,000	1,937,000	2,001,000	2,252,000
Revenue (ttm)	US$ in thousands	11,237,000	11,771,000	11,587,000	11,242,000	9,800,000	9,717,000	9,348,000	9,146,000	9,722,000	9,068,000	9,535,000	9,711,000	9,603,000	9,679,000	9,611,000	9,877,000	10,076,000	10,066,000	10,158,000	9,858,000
Operating profit margin		32.79%	33.62%	30.89%	27.41%	14.09%	13.57%	-11.33%	-18.03%	-8.80%	-14.61%	15.87%	22.80%	23.64%	24.22%	22.90%	19.78%	19.28%	19.24%	19.70%	22.84%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $3,685,000K ÷ $11,237,000K
= 32.79%

The operating profit margin of Public Service Enterprise Group Inc. has shown a consistent improvement over the quarters from Q1 2022 to Q4 2023. From a low of 11.27% in Q1 2022, the margin has steadily increased to 32.86% in Q4 2023. This progressive trend indicates the company's ability to effectively control costs and generate higher operating profits relative to its revenue. The substantial increase in operating profit margin demonstrates the company's operational efficiency and effectiveness in managing its resources. Overall, the improving trend in the operating profit margin reflects positively on Public Service Enterprise Group Inc.'s financial performance and operational management.