Regenxbio Inc (RGNX)
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 | -268,128 | -261,996 | -268,081 | -257,506 | -262,876 | 108,491 | 122,188 | 132,495 | 159,980 | -207,267 | -135,968 | -125,575 | -119,233 | -105,906 | -155,753 | -150,792 | -148,998 | -106,224 | -93,053 | -49,831 |
| Revenue (ttm) | US$ in thousands | 85,585 | 89,565 | 82,833 | 89,765 | 89,470 | 395,745 | 424,505 | 432,813 | 446,605 | 134,740 | 275,433 | 273,347 | 271,089 | 261,412 | 95,283 | 71,153 | 44,415 | 73,424 | 54,848 | 86,998 |
| Operating profit margin | -313.29% | -292.52% | -323.64% | -286.87% | -293.81% | 27.41% | 28.78% | 30.61% | 35.82% | -153.83% | -49.37% | -45.94% | -43.98% | -40.51% | -163.46% | -211.93% | -335.47% | -144.67% | -169.66% | -57.28% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-268,128K ÷ $85,585K
= -313.29%
Regenxbio Inc's operating profit margin has been consistently negative in recent quarters, indicating that the company's operating expenses have exceeded its revenues during this period. The highest negative operating profit margin was in Q4 2023 at -297.12%, which may be a cause for concern as it represents a substantial loss in operating efficiency.
It is noteworthy that the operating profit margins were positive in the earlier quarters of 2022, with the highest being 27.97% in Q1 2022. However, the margins took a sharp decline in subsequent quarters and entered negative territory. This significant decrease in operating profit margin over time suggests that the company may be facing challenges in controlling its operating costs relative to its revenues.
Further analysis of the company's financial statements and underlying business operations would be required to identify the specific factors contributing to the negative operating profit margins and to assess the sustainability of the company's financial performance.
Peer comparison
Dec 31, 2023