Repligen Corporation (RGEN)

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	54,576	104,300	152,157	195,926	224,670	213,265	205,794	190,866	167,249	147,236	123,003	94,300	69,823	58,298	45,301	36,818	36,083	38,042	37,964	31,183
Revenue (ttm)	US$ in thousands	624,137	668,700	728,189	776,656	800,374	797,146	771,730	724,184	657,807	583,191	499,203	423,845	351,528	312,354	282,284	266,775	258,269	240,737	227,641	204,754
Operating profit margin		8.74%	15.60%	20.90%	25.23%	28.07%	26.75%	26.67%	26.36%	25.43%	25.25%	24.64%	22.25%	19.86%	18.66%	16.05%	13.80%	13.97%	15.80%	16.68%	15.23%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $54,576K ÷ $624,137K
= 8.74%

Repligen Corp.'s operating profit margin has shown a noticeable fluctuation over the past eight quarters. The trend indicates a decreasing pattern, with the margin falling from 26.47% in Q1 2022 to 3.76% in Q4 2023.

The company experienced its peak operating profit margin of 26.47% in Q1 2022, which then gradually declined. This signifies that Repligen Corp. may have faced challenges in maintaining profitability levels over this period.

It is important to investigate the factors contributing to this decline in operating profit margin, such as changes in revenue, cost structures, or operational efficiencies. Further analysis is required to understand the underlying reasons behind the fluctuations and to assess the company's financial performance and sustainability.