Rambus Inc (RMBS)

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	153,639	134,646	46,698	70,563	76,942	69,774	57,546	36,085	24,281	4,307	-12,888	-38,075	-44,054	-43,651	-52,236	-78,194	-100,141	-93,740	-91,822	-74,763
Revenue (ttm)	US$ in thousands	461,117	461,259	468,205	469,505	454,793	424,207	393,245	356,972	328,304	298,436	274,069	250,927	246,322	246,144	248,416	244,996	227,603	234,431	231,022	224,549
Operating profit margin		33.32%	29.19%	9.97%	15.03%	16.92%	16.45%	14.63%	10.11%	7.40%	1.44%	-4.70%	-15.17%	-17.88%	-17.73%	-21.03%	-31.92%	-44.00%	-39.99%	-39.75%	-33.29%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $153,639K ÷ $461,117K
= 33.32%

The operating profit margin of Rambus Inc. has shown a fluctuating trend over the past eight quarters. In Q4 2023, the operating profit margin improved to 19.84%, marking the highest margin among the provided data points. This can be seen as a positive sign of improved operational efficiency and profitability during that period.

However, the operating profit margin in Q3 2023 was slightly lower at 16.56%, followed by a similar margin of 16.53% in Q2 2023. While these margins were still healthy, they indicate some stability in the company's profitability during those quarters.

In contrast, the operating profit margin saw a slight increase to 16.91% in Q1 2023 compared to the previous two quarters. This suggests a potential rebound in profitability at the beginning of the year.

Looking back to Q4 2022 and Q3 2022, the operating profit margins were 17.60% and 17.25%, respectively, demonstrating a relatively stable performance during that period. However, there was a noticeable decline in Q2 2022 with an operating profit margin of 14.89%, which may have been a cause for concern at that time.

The lowest operating profit margin in the data set was recorded in Q1 2022 at 11.93%, indicating a significant decrease in profitability during that quarter.

Overall, the analysis of Rambus Inc.'s operating profit margin suggests that the company has experienced fluctuations in profitability over the past eight quarters, but has managed to maintain relatively healthy margins, with some quarters showing improvements and others showing declines. It is important for the company to monitor these margins closely and implement strategies to sustain or enhance profitability in the future.