Plexus Corp (PLXS)

Operating profit margin

		Sep 30, 2024	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
Operating income (ttm)	US$ in thousands	167,732	167,207	156,165	183,637	195,820	204,801	226,158	205,053	178,185	158,213	145,025	159,875	176,268	184,302	193,782	160,304	153,372	140,523	129,073	145,038
Revenue (ttm)	US$ in thousands	8,027,970	7,967,250	8,076,800	8,280,050	8,504,910	8,708,450	8,637,650	8,274,130	7,722,450	7,163,770	6,826,830	6,806,620	6,834,190	6,966,280	6,170,144	5,153,548	4,322,097	3,287,362	4,058,528	4,895,824
Operating profit margin		2.09%	2.10%	1.93%	2.22%	2.30%	2.35%	2.62%	2.48%	2.31%	2.21%	2.12%	2.35%	2.58%	2.65%	3.14%	3.11%	3.55%	4.27%	3.18%	2.96%

September 30, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $167,732K ÷ $8,027,970K
= 2.09%

The operating profit margin of Plexus Corp has exhibited variability over the past several quarters. The trend indicates a general decline in operating profit margin from 4.27% in December 2019 to 2.09% in September 2024. There was a noticeable peak in operating profit margin at 3.55% in December 2020.

The operating profit margin is a measure of a company's profitability and efficiency in managing its operating expenses relative to its revenue. A decreasing trend in operating profit margin could suggest that Plexus Corp may be facing challenges in controlling costs or generating sufficient revenue to cover its operating expenses. This trend may prompt further investigation into the company's cost structure, revenue streams, and overall operational efficiency to identify areas for improvement.