Sanmina Corporation (SANM)

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	414,808	455,658	459,742	443,991	399,664	349,479	312,039	293,166	281,615	278,049	285,630	276,992	236,638	219,144	208,738	212,009	265,755	286,117	232,851	212,537
Revenue (ttm)	US$ in thousands	8,427,300	8,913,590	9,094,690	8,915,390	8,514,240	7,922,760	7,348,510	6,984,030	6,759,880	6,753,930	6,978,280	6,979,700	6,875,450	6,960,370	6,977,620	7,349,930	7,886,020	8,233,870	8,218,000	8,004,370
Operating profit margin		4.92%	5.11%	5.06%	4.98%	4.69%	4.41%	4.25%	4.20%	4.17%	4.12%	4.09%	3.97%	3.44%	3.15%	2.99%	2.88%	3.37%	3.47%	2.83%	2.66%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $414,808K ÷ $8,427,300K
= 4.92%

The operating profit margin of Sanmina Corporation has shown a relatively stable trend over the past few quarters. The margin has ranged from a low of 2.66% in the first quarter of 2019 to a high of 5.11% in the second quarter of 2023.

In recent quarters, the operating profit margin has been gradually increasing, indicating potentially improving operational efficiency and cost management within the company. However, it is important to note that the margin remains relatively modest compared to some other companies in the industry.

Overall, the company's operating profit margin reflects its ability to generate profits from its core operations, but there may be opportunities for further optimization to enhance overall financial performance. Monitoring this ratio over time can provide insights into the company's operational effectiveness and potential for sustainable growth.