Qorvo Inc (QRVO)

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	91,701	-127,259	-76,961	33,173	183,168	642,747	930,028	1,030,826	1,226,069	1,248,540	1,251,733	1,111,017	906,627	715,713	569,579	460,702	423,216	385,109	313,197	290,907
Revenue (ttm)	US$ in thousands	3,769,502	3,461,217	3,130,638	3,185,208	3,569,404	4,102,861	4,473,540	4,570,730	4,645,720	4,552,290	4,533,160	4,338,200	4,015,301	3,730,343	3,504,586	3,250,994	3,239,141	3,132,251	3,095,508	3,173,253
Operating profit margin		2.43%	-3.68%	-2.46%	1.04%	5.13%	15.67%	20.79%	22.55%	26.39%	27.43%	27.61%	25.61%	22.58%	19.19%	16.25%	14.17%	13.07%	12.29%	10.12%	9.17%

March 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $91,701K ÷ $3,769,502K
= 2.43%

The operating profit margin of Qorvo Inc has fluctuated over the past few quarters. From Mar 31, 2019, to Mar 31, 2024, the operating profit margin ranged from a low of -3.68% in Dec 31, 2023, to a high of 27.61% in Sep 30, 2021. The trend shows some volatility with occasional increases and decreases.

It is crucial to analyze the factors contributing to these variations in the operating profit margin, such as changes in revenue, cost structure, and operational efficiency. This analysis can provide insights into the company's overall financial performance and help understand the drivers behind the fluctuations in the operating profit margin.