Pinnacle West Capital Corp (PNW)
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 | 824,640 | 787,011 | 688,321 | 728,136 | 731,911 | 745,177 | 756,977 | 812,268 | 805,310 | 786,141 | 811,776 | 795,264 | 788,152 | 769,301 | 717,583 | 652,298 | 671,960 | 726,847 | 756,864 | 802,437 |
| Revenue (ttm) | US$ in thousands | 4,695,989 | 4,713,725 | 4,545,835 | 4,485,805 | 4,324,381 | 4,113,928 | 3,952,308 | 3,890,888 | 3,803,832 | 3,745,936 | 3,692,186 | 3,621,526 | 3,586,981 | 3,516,411 | 3,452,701 | 3,392,612 | 3,471,212 | 3,557,197 | 3,634,437 | 3,739,059 |
| Operating profit margin | 17.56% | 16.70% | 15.14% | 16.23% | 16.93% | 18.11% | 19.15% | 20.88% | 21.17% | 20.99% | 21.99% | 21.96% | 21.97% | 21.88% | 20.78% | 19.23% | 19.36% | 20.43% | 20.82% | 21.46% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $824,640K ÷ $4,695,989K
= 17.56%
The operating profit margin of Pinnacle West Capital Corp. has exhibited varying trends over the past eight quarters. In Q4 2023, the operating profit margin was 17.56%, showing a slight increase compared to the previous quarter. However, when compared to the same quarter in the previous year, there was a decrease in the operating profit margin.
This fluctuation in operating profit margin suggests that the company's ability to generate profits from its core operations has been somewhat inconsistent. The declining trend over the past few quarters raises concerns about the company's operational efficiency and cost management.
Further analysis and comparison with industry benchmarks and competitors' performance may provide additional insights into the reasons behind these fluctuations and help in assessing Pinnacle West Capital Corp.'s overall financial health and performance.
Peer comparison
Dec 31, 2023