Sabre Corpo (SABR)

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	47,143	-44,995	-153,731	-181,741	-261,060	-332,136	-432,289	-542,466	-665,487	-759,120	-835,481	-1,039,181	-988,039	-710,893	-364,384	101,599	363,417	426,799	450,102	507,022
Revenue (ttm)	US$ in thousands	2,351,283	2,326,888	2,413,193	2,359,903	2,237,311	2,133,894	1,910,245	1,674,993	1,418,057	1,212,408	1,050,164	719,231	1,077,383	1,787,801	2,531,876	3,507,423	3,935,248	3,917,754	3,943,581	3,927,947
Operating profit margin		2.00%	-1.93%	-6.37%	-7.70%	-11.67%	-15.56%	-22.63%	-32.39%	-46.93%	-62.61%	-79.56%	-144.49%	-91.71%	-39.76%	-14.39%	2.90%	9.23%	10.89%	11.41%	12.91%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $47,143K ÷ $2,351,283K
= 2.00%

Sabre Corp's operating profit margin has shown some fluctuations over the past eight quarters. In the most recent quarter, Q4 2023, the operating profit margin improved to 1.62%, indicating that the company was able to generate a higher percentage of operating profit relative to its total revenue. This positive trend is a notable improvement compared to the preceding quarters. In Q3 2023, the operating profit margin was negative at -1.58%, which suggests that the company's operating expenses exceeded its operating income. Prior to that, in Q2 2023 and Q1 2023, the operating profit margins were also negative at -5.54% and -6.74% respectively.

Looking back further, the operating profit margins were significantly lower in the earlier quarters of 2022. In Q4 2022, the operating profit margin was at -10.29%, followed by -13.77% in Q3 2022, -19.76% in Q2 2022, and -27.84% in Q1 2022. These low and negative operating profit margins indicate that Sabre Corp faced challenges in controlling its operating expenses or enhancing its revenue generation during that period.

Overall, while the most recent operating profit margin of 1.62% shows improvement, Sabre Corp needs to continue monitoring and managing its operating costs and revenue streams effectively to sustain and further enhance its profitability in the future.