Polaris Industries Inc (PII)
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 | 700,900 | 815,100 | 868,300 | 865,400 | 804,500 | 707,500 | 611,400 | 629,000 | 713,000 | 1,124,600 | 1,205,800 | 699,700 | 521,000 | 85,900 | -23,200 | 407,300 | 483,700 | 490,098 | 498,667 | 486,024 |
| Revenue (ttm) | US$ in thousands | 8,809,400 | 8,932,200 | 9,036,300 | 8,899,000 | 8,692,600 | 6,350,200 | 5,978,400 | 6,037,000 | 6,031,600 | 8,138,400 | 8,127,000 | 7,514,400 | 6,963,800 | 6,556,070 | 6,370,680 | 6,635,480 | 6,721,750 | 6,613,000 | 6,492,680 | 6,227,300 |
| Operating profit margin | 7.96% | 9.13% | 9.61% | 9.72% | 9.25% | 11.14% | 10.23% | 10.42% | 11.82% | 13.82% | 14.84% | 9.31% | 7.48% | 1.31% | -0.36% | 6.14% | 7.20% | 7.41% | 7.68% | 7.80% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $700,900K ÷ $8,809,400K
= 7.96%
The operating profit margin of Polaris Inc has shown fluctuating trends over the last eight quarters. In Q1 2022, the operating profit margin was 6.96%, which increased to 7.63% in Q3 2022 before declining to 6.78% in Q2 2022. However, there was a notable improvement in Q4 2022, where the operating profit margin reached 8.80%.
The positive trend continued into the first quarter of 2023, with a further increase to 9.27%. Subsequently, there was a slight decline in Q2 2023 to 9.03%, followed by another decrease in Q3 2023 to 8.43%. The trend reversed again in Q4 2023, showing an operating profit margin of 6.95%.
Overall, while there have been fluctuations in Polaris Inc's operating profit margin, the company has managed to maintain levels above 6% consistently. It is essential to monitor future performance to assess the sustained profitability and efficiency of the company's operations.