Insulet Corporation (PODD)

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	220,000	137,100	85,200	27,400	37,600	63,800	94,600	147,600	126,000	69,000	59,100	60,300	51,500	76,900	70,100	50,200	50,000	48,133	37,998	34,723
Revenue (ttm)	US$ in thousands	1,697,100	1,557,000	1,465,100	1,368,000	1,305,300	1,243,300	1,178,100	1,141,900	1,098,800	1,069,800	1,016,800	968,800	904,400	835,100	788,794	743,088	704,628	660,135	628,071	575,549
Operating profit margin		12.96%	8.81%	5.82%	2.00%	2.88%	5.13%	8.03%	12.93%	11.47%	6.45%	5.81%	6.22%	5.69%	9.21%	8.89%	6.76%	7.10%	7.29%	6.05%	6.03%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $220,000K ÷ $1,697,100K
= 12.96%

Insulet Corporation's operating profit margin has displayed fluctuations over the past eight quarters. In Q4 2023, the operating profit margin was at 12.96%, showcasing a significant increase compared to the previous quarter's 8.81%. This improvement indicates higher efficiency in generating profits from operations. However, it is essential to note that the operating profit margin was at a relatively lower level in the first two quarters of 2023, at 5.82% and 2.00% respectively.

Comparing with the same quarter in the previous year, Q4 2023 also shows a notable increase from 2.88% in Q4 2022, suggesting enhanced operational performance. It is interesting to observe the trend over the past year, with Q1 2022 having the highest operating profit margin at 12.93%, followed by a consistent decline in the subsequent quarters, until the recent improvement in Q4 2023.

Overall, while Insulet Corporation has experienced fluctuations in its operating profit margin, the latest quarter's strong performance indicates a positive trend and potential for continued profitability efficiency in the future.