Sanmina Corporation (SANM)
Operating profit margin
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 335,494 | 345,170 | 370,168 | 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 |
| Revenue (ttm) | US$ in thousands | 7,551,700 | 7,577,960 | 7,933,580 | 8,418,020 | 8,904,310 | 9,085,410 | 8,906,110 | 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 |
| Operating profit margin | 4.44% | 4.55% | 4.67% | 4.93% | 5.12% | 5.06% | 4.99% | 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% |
September 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $335,494K ÷ $7,551,700K
= 4.44%
The operating profit margin of Sanmina Corporation has shown a general upward trend over the past two years, indicating improved profitability. The company's operating profit margin has ranged from 2.88% to 5.12% in the last eight quarters. The latest reported operating profit margin as of September 30, 2024, stands at 4.44%, which is a slight decrease from the previous quarter's 4.55%.
Overall, Sanmina has maintained a consistent operating profit margin above 4% since the beginning of 2021, suggesting efficiency in cost management and revenue generation. However, there was a notable dip in the operating profit margin in the fourth quarter of 2020, but the company has since then worked towards improving profitability.
It is essential for the company to continue monitoring and managing its operating expenses effectively to sustain and potentially increase its operating profit margin in the future. The recent trend indicates a relatively stable financial performance, but ongoing strategic efforts may be necessary to further enhance profitability.
Peer comparison
Sep 30, 2024