PNM Resources Inc (PNM)

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	231,340	334,610	430,721	424,783	393,760	376,278	345,244	333,055	308,153	287,686	283,762	280,709	285,281	327,245	319,980	155,215	144,200	66,244	53,694	226,638
Revenue (ttm)	US$ in thousands	1,939,198	2,102,903	2,326,940	2,349,514	2,249,555	2,107,811	1,932,474	1,859,284	1,779,873	1,705,074	1,622,988	1,554,097	1,523,012	1,507,880	1,469,001	1,441,580	1,457,603	1,457,215	1,446,295	1,468,380
Operating profit margin		11.93%	15.91%	18.51%	18.08%	17.50%	17.85%	17.87%	17.91%	17.31%	16.87%	17.48%	18.06%	18.73%	21.70%	21.78%	10.77%	9.89%	4.55%	3.71%	15.43%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $231,340K ÷ $1,939,198K
= 11.93%

The operating profit margin of PNM Resources Inc has fluctuated over the past eight quarters. It ranged from a low of 15.64% in Q4 2023 to a high of 18.65% in Q2 2023. Generally, the company has maintained a decent level of operating profit margin above 15% over this period, indicating efficient management of costs and expenses relative to its revenue. The slight variations in the operating profit margin suggest that the company may be effectively managing its operations to generate profits, while also facing some fluctuations in costs and revenue during the observed period.