Protagonist Therapeutics Inc (PTGX)

Operating profit margin

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 Jun 30, 2019
Operating income (ttm) US$ in thousands 148,678 -93,652 -153,217 -147,194 -146,283 -131,373 -131,873 -133,496 -122,935 -125,845 -107,659 -81,505 -68,840 -64,516 -62,985 -72,380 -85,570 -80,521 -78,634 -70,856
Revenue (ttm) US$ in thousands 315,090 60,137 123 123 982 26,704 35,221 45,507 46,913 27,380 24,330 27,139 31,091 28,549 25,678 12,604 6,408 4,321 3,955 10,051
Operating profit margin 47.19% -155.73% -124,566.67% -119,669.92% -14,896.44% -491.96% -374.42% -293.35% -262.05% -459.62% -442.49% -300.32% -221.41% -225.98% -245.29% -574.26% -1,335.36% -1,863.48% -1,988.22% -704.96%

March 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $148,678K ÷ $315,090K
= 47.19%

Protagonist Therapeutics Inc's operating profit margin has shown significant fluctuations over the quarters, ranging from negative percentages to extremely high positive percentages. The operating profit margin was very low or negative in most periods, indicating that the company's operating expenses were high relative to its revenue.

The operating profit margin was particularly unfavorable in the most recent quarter, ending March 31, 2024, where it stood at 47.19%. This indicates that the company was able to generate a profit from its core operations during this period.

However, in previous quarters, the operating profit margins were extremely negative, suggesting that the company may have been facing challenges in controlling costs and improving operational efficiency. The negative operating profit margins, especially in the range of thousands of percentage points, are highly concerning and may indicate severe financial distress for the company.

Overall, Protagonist Therapeutics Inc's operating profit margin analysis highlights the need for the company to focus on streamlining operational costs and improving operational performance to enhance profitability and sustainability in the long term.


Peer comparison

Mar 31, 2024