Papa John's International Inc (PZZA)

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	147,142	140,806	128,399	132,391	109,030	110,965	130,081	135,814	168,241	149,774	135,746	121,643	90,253	70,423	50,801	34,498	24,535	17,341	-1,756	8,923
Revenue (ttm)	US$ in thousands	2,144,971	2,075,826	2,064,226	2,072,661	2,085,404	2,110,754	2,110,024	2,099,367	2,068,421	2,009,347	1,969,506	1,915,121	1,813,234	1,760,937	1,691,702	1,630,702	1,619,248	1,599,300	1,580,825	1,611,154
Operating profit margin		6.86%	6.78%	6.22%	6.39%	5.23%	5.26%	6.16%	6.47%	8.13%	7.45%	6.89%	6.35%	4.98%	4.00%	3.00%	2.12%	1.52%	1.08%	-0.11%	0.55%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $147,142K ÷ $2,144,971K
= 6.86%

Papa John's International, Inc. has displayed varying levels of operating profit margin over the past eight quarters. The operating profit margin, a measure of efficiency and profitability, ranged from a low of 5.76% in Q4 2022 to a high of 7.00% in Q1 2022.

The general trend indicates that the operating profit margin peaked in Q1 2022 and has since fluctuated, with some quarters showing improvements and others experiencing slight declines. Despite these fluctuations, the company has maintained a relatively stable range of operating profit margin between 5.76% and 7.00% over this period.

Overall, Papa John's International, Inc. has managed to sustain a moderate operating profit margin over the past two years, with room for potential optimization to further enhance operational efficiency and profitability in the future.