Procter & Gamble Company (PG)

Operating profit margin

		Jun 30, 2024	Mar 31, 2024	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
Operating income (ttm)	US$ in thousands	18,545,000	18,822,000	18,610,000	18,962,000	18,134,000	17,570,000	17,346,000	17,729,000	17,813,000	17,755,000	17,516,000	17,728,000	17,986,000	17,927,000	17,595,000	16,697,000	15,706,000	7,033,000	6,809,000	6,223,000
Revenue (ttm)	US$ in thousands	84,039,000	84,060,000	83,933,000	83,265,000	82,006,000	80,968,000	80,281,000	80,461,000	80,187,000	79,618,000	78,346,000	77,138,000	76,118,000	74,870,000	73,975,000	72,470,000	70,950,000	70,346,000	69,594,000	68,792,000
Operating profit margin		22.07%	22.39%	22.17%	22.77%	22.11%	21.70%	21.61%	22.03%	22.21%	22.30%	22.36%	22.98%	23.63%	23.94%	23.79%	23.04%	22.14%	10.00%	9.78%	9.05%

June 30, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $18,545,000K ÷ $84,039,000K
= 22.07%

Procter & Gamble Company has maintained a relatively stable operating profit margin over the past few quarters, ranging between 21.61% and 23.94%. The operating profit margin peaked at 23.94% in March 2021 but has since slightly declined. Despite some fluctuations, the company's operating profit margin has generally been above 22%, indicating efficient cost management and profitability in its operations. It is important to note a significant drop in the operating profit margin in the first half of 2020, possibly due to the impact of the global pandemic, but the company managed to recover and consistently improve its profitability thereafter. Overall, Procter & Gamble's operating profit margin demonstrates a solid performance in generating profits from its core business activities.