PPG Industries Inc (PPG)
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 | 2,675,000 | 2,547,000 | 2,403,000 | 2,218,000 | 2,042,000 | 1,963,000 | 1,957,000 | 1,999,000 | 2,171,000 | 2,404,000 | 2,535,000 | 2,287,000 | 2,109,000 | 2,038,000 | 1,945,000 | 2,209,000 | 2,271,000 | 2,209,000 | 2,123,000 | 2,114,000 |
| Revenue (ttm) | US$ in thousands | 18,119,000 | 17,888,000 | 17,733,000 | 17,607,000 | 17,552,000 | 17,655,000 | 17,643,000 | 17,356,000 | 16,913,000 | 16,477,000 | 15,717,000 | 14,289,000 | 13,791,000 | 13,706,000 | 13,844,000 | 14,888,000 | 15,131,000 | 15,104,000 | 15,103,000 | 15,207,000 |
| Operating profit margin | 14.76% | 14.24% | 13.55% | 12.60% | 11.63% | 11.12% | 11.09% | 11.52% | 12.84% | 14.59% | 16.13% | 16.01% | 15.29% | 14.87% | 14.05% | 14.84% | 15.01% | 14.63% | 14.06% | 13.90% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,675,000K ÷ $18,119,000K
= 14.76%
The operating profit margin of PPG Industries, Inc. has shown a consistent upward trend over the past eight quarters. It increased from 9.20% in Q1 2022 to 12.54% in Q4 2023, reflecting improved operational efficiency and management effectiveness in generating profits from its core business activities. The company has been able to control costs and enhance revenue generation, leading to higher profitability. This positive trend indicates that PPG Industries is effectively managing its operating expenses and maximizing its operating income, which can be considered a positive sign of financial health and sustainable growth.
Peer comparison
Dec 31, 2023