Perrigo Company PLC (PRGO)

Operating profit margin

		Jun 30, 2024	Mar 31, 2024	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
Operating income (ttm)	US$ in thousands	134,800	126,800	151,800	198,400	192,500	84,500	57,700	73,400	455,500	380,800	410,500	311,600	-222,200	21,100	115,400	160,700	310,600	248,200	204,800	319,200
Revenue (ttm)	US$ in thousands	4,428,700	4,556,100	4,655,500	4,653,900	4,630,300	4,558,900	4,451,700	4,401,300	4,343,800	4,203,200	4,138,700	4,323,300	4,494,300	4,732,300	5,063,300	5,096,600	5,074,000	5,003,900	4,837,400	4,709,800
Operating profit margin		3.04%	2.78%	3.26%	4.26%	4.16%	1.85%	1.30%	1.67%	10.49%	9.06%	9.92%	7.21%	-4.94%	0.45%	2.28%	3.15%	6.12%	4.96%	4.23%	6.78%

June 30, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $134,800K ÷ $4,428,700K
= 3.04%

Perrigo Company PLC's operating profit margin has shown variability over the past several quarters. The margin was relatively low in the most recent quarter at 3.04%, down slightly from the previous quarter's 2.78%. However, looking back further, the margin reached its peak in the quarter ended June 30, 2022, at 10.49%, indicating stronger profitability at that time.

Overall, the operating profit margin has exhibited fluctuations, with some quarters showing strong performance and others indicating lower profitability. It is important to further analyze the underlying factors driving these changes to understand the company's operational efficiency and profitability trends.