Boston Beer Company Inc (SAM)
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 | 100,001 | 109,122 | 85,986 | 79,001 | 90,791 | 34,665 | -79,474 | -70,754 | 7,998 | 123,055 | 300,609 | 299,273 | 244,207 | 219,784 | 177,839 | 137,002 | 144,913 | 156,062 | 142,954 | 136,086 |
| Revenue (ttm) | US$ in thousands | 2,008,625 | 2,062,428 | 2,057,282 | 2,070,221 | 2,090,334 | 1,990,903 | 1,956,093 | 1,942,655 | 2,057,622 | 2,170,465 | 2,101,614 | 1,950,947 | 1,736,432 | 1,576,795 | 1,462,469 | 1,328,738 | 1,249,824 | 1,173,746 | 1,102,150 | 1,056,843 |
| Operating profit margin | 4.98% | 5.29% | 4.18% | 3.82% | 4.34% | 1.74% | -4.06% | -3.64% | 0.39% | 5.67% | 14.30% | 15.34% | 14.06% | 13.94% | 12.16% | 10.31% | 11.59% | 13.30% | 12.97% | 12.88% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $100,001K ÷ $2,008,625K
= 4.98%
The operating profit margin of Boston Beer Company Inc has shown fluctuation over the periods analyzed. From December 2019 to December 2023, the operating profit margin ranged from -4.06% to 5.67%. Notably, there was a significant drop in the margin in June 2022, where it reached -4.06%, indicating a period of operational challenges.
However, the company managed to improve its operating profit margin in the subsequent quarters, with margins reaching as high as 15.34% in March 2021. This steady improvement was followed by a decline in the margin towards the end of 2022 and the first half of 2023.
It is essential for the company to focus on sustaining and potentially increasing its operating profit margin over time to ensure profitability and operational efficiency. Further analysis of the company's cost structure and revenue generation strategies may provide insights into enhancing the operating profit margin in the future.
Peer comparison
Dec 31, 2023