Pool Corporation (POOL)
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 | 746,567 | 774,517 | 843,951 | 935,830 | 1,025,782 | 1,046,379 | 1,019,778 | 939,476 | 832,784 | 779,243 | 690,200 | 557,471 | 464,028 | 415,476 | 371,783 | 338,449 | 341,247 | 341,418 | 329,215 | 318,734 |
| Revenue (ttm) | US$ in thousands | 5,541,590 | 5,634,460 | 5,775,390 | 5,973,850 | 6,179,730 | 6,119,370 | 5,915,480 | 5,647,490 | 5,295,580 | 5,099,281 | 4,827,061 | 4,320,081 | 3,936,629 | 3,679,602 | 3,438,872 | 3,279,352 | 3,199,520 | 3,160,368 | 3,073,179 | 3,009,649 |
| Operating profit margin | 13.47% | 13.75% | 14.61% | 15.67% | 16.60% | 17.10% | 17.24% | 16.64% | 15.73% | 15.28% | 14.30% | 12.90% | 11.79% | 11.29% | 10.81% | 10.32% | 10.67% | 10.80% | 10.71% | 10.59% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $746,567K ÷ $5,541,590K
= 13.47%
Pool Corporation's operating profit margin has displayed a declining trend over the past eight quarters. Starting at 16.61% in Q4 2022, the margin decreased gradually to 13.47% in Q4 2023. This downward trajectory suggests that the company's ability to generate profits from its core operations has weakened over time. However, it is worth noting that the margin peaked at 17.20% in Q2 2022 before declining in subsequent quarters. The fluctuations in the operating profit margin may indicate changing business conditions or internal factors affecting profitability. Further analysis is recommended to understand the underlying reasons for the fluctuations and to assess the company's operational efficiency and profitability sustainability.